CEO of Wacon, Byun Young-oh arrested over crypto fraud allegations

Byun Young-oh, CEO of the South Korean technology firm Wacon, was arrested for allegedly running a Ponzi scheme associated with MainEthernet. Young-oh was accused of defrauding approximately $366 million from over 500 investors. Young-oh and one accomplice are currently awaiting trial over the allegations. source: https://www.cryptopolitan.com/wacon-byun-young-oh-arrested-crypto-fraud/