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July 13, 2026
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CEO of Korean crypto exchange CoinNest arrested for embezzlement and fraud

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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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