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Ubon Oton
@leak45
Major South Korean newspaper linked to $2 billion crypto fraud promotion Victims of the KOK token scam have filed a lawsuit against Chosun Ilbo, South Korea’s largest newspaper, accusing it of promoting the fraudulent KOK Play platform. The lawsuit states that Chosun Ilbo and its subsidiaries endorsed KOK Foundation, which promised investors up to 20% monthly returns. The KOK token has since lost nearly all value, leading to $2.9 billion in losses. Authorities are investigating whether Chosun Ilbo’s coverage lent legitimacy to the scam, which deceived about 2 million investors.
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