January 25, 2026

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CEO of Korean crypto exchange CoinNest arrested for embezzlement and fraud

CryptoNinjas
CEO of Korean crypto exchange CoinNest arrested for embezzlement and fraud

It was reported today in South Korean media that CEO of South Korean-based cryptocurrency exchange CoinNest has been arrested for embezzlement and fraud. South Korea’s Seoul District Prosecutors’ Office has revealed that on Monday of this week it had arrested Kim Il-hwan, co-founder of CoinNest.

CEO of Korean crypto exchange CoinNest arrested for embezzlement and fraud

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