PANews reported on May 30 that according to Newsis, a key figure in a cryptocurrency investment fraud case involving more than 325.6 billion won (236.67 million U.S. dollars) in South Korea was arrested after lurking overseas for more than two years. The suspect, who is believed to be the mastermind of the operation, was arrested after a long police investigation. The gang was accused of defrauding 15,304 people between December 2021 and March 2023 by falsely promising high returns from the sale and issuance of 28 different cryptocurrencies.