"Cheongdam-dong Stock God" Lee Hee-jin's virtual asset scam case transferred to Seoul Police Agency, involving a total amount of 28 billion KRW

2026-01-08 10:47:16

Abstract generation in progress

Deep Tide TechFlow News, January 8th, according to News1, the virtual asset scam case involving Lee Hee-jin (phonetic), dubbed the “Gangnam Stock God,” has been transferred from Seoul Gangnam Police Station to the Seoul Metropolitan Police Agency Financial Crime Investigation Unit. Lee Hee-jin was previously sued by his partner and the representative of Pica Coin issuing company, accusing him of failing to pay approximately 1.88 billion KRW in settlement funds as agreed, and later added a claim that the total damages reached 28 billion KRW (about $19.27 million). The two signed a contract in 2020 to jointly develop tokens for art fragmentation investment, but Lee Hee-jin was accused of not adhering to the agreed profit-sharing ratio. Previously, Lee Hee-jin was prosecuted in another case for allegedly conducting a scam involving three tokens including Pica Coin, totaling 90 billion KRW (about $61.95 million), through false advertising and market manipulation. He was arrested in October 2023 and was granted bail in March 2024.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.