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Queenbee project team members arrested and charged for allegedly defrauding $22 million in South Korea
2024-07-19 02:18
Odaily News The Seoul Southern District Prosecutor's Office in South Korea and the Crypto Crime Investigation Department announced that they have arrested and prosecuted four members of the Queenbee (QBZ) token project. They are accused of defrauding approximately 4,000 individuals of 15.1 billion won (about 10.9 million U.S. dollars) through fraudulent listings and market manipulation. In addition, the team is also accused of selling all their remaining tokens through a sophisticated token scammer between March and April 2021, making an illegal profit of 15 billion won (about 10.9 million U.S. dollars). (News1)