South Korean prosecutors request arrest warrant for crypto market manipulator

According to the Seoul Economic Daily, South Korean prosecutors are applying for the arrest of a suspect suspected of manipulating the cryptocurrency market, who goes by the name "Jonbur Kim" or "HODL Kim." The Seoul Southern District Prosecutors' Office and the Crypto Crime Investigation Department have submitted an application for a pre-trial arrest warrant for HODL Kim. He is suspected of bribing employees of the Coinone exchange to list the exchange's POD token and then manipulating its market price, resulting in the theft of more than 20 billion won (about $14.5 million).