South Korean lawmakers demand special investigation into KOK cryptocurrency scam in parliamentary audit

On the first day of the South Korean National Assembly audit in Seoul, lawmakers have called for a special investigation into the KOK cryptocurrency scam that may have been promoted by the right-wing Korean daily Chosun Ilbo. Victims have accused two subsidiaries of Chosun Ilbo of knowing that cryptocurrencies were fraudulent, but still vigorously promoted them. The fraudsters used these positive publicity to reassure investors that KOK was legitimate, and the newspaper also caused the prosecution to be delayed. It is estimated that the "KOK" incident has caused 4 trillion won (2.97 billion US dollars) in losses in South Korea alone. (Protos)