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Home Bitcoin

A South Korean Business Gone Wrong

February 26, 2026
in Bitcoin
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A South Korean Business Gone Wrong
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Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Advert Disclosure

A person in his thirties has been charged with tried homicide after a enterprise accomplice fell unwell following a gathering at a café, experiences say. The case stems from a dispute over failed crypto investments.

The accused is alleged to have put the pesticide methomyl into the accomplice’s espresso throughout a gathering in November. The sufferer collapsed, was taken to hospital, and regained consciousness three days later.

Seoul Jap District Prosecutors’ Workplace opened the case and introduced the costs. In keeping with native retailers, the dispute grew out of heavy losses tied to a shared Bitcoin funding program within the crypto market that started in 2022.

Experiences say about ₩1.17 billion was misplaced — an quantity that, by the events’ account, included each firm funds and cash the accused had put in personally.

Alleged Poisoning

The person accused is alleged to have met his accomplice at a café and provided a drink. After taking just a few sips, the accomplice misplaced consciousness. Emergency companies have been known as. He was rushed to hospital and stayed beneath take care of a number of days.

He later advised reporters his life had been shaken; he had been planning a marriage and his accomplice’s sickness hit his household arduous.

Whole crypto market cap at present at $2.27 trillion. Chart: TradingView

Dispute Over Crypto Funding Funds

Experiences notice the 2 ran an funding operation that dealt with pooled cash for Bitcoin bets inside the crypto sector. The precise enterprise setup will not be absolutely defined in public experiences. It isn’t clear whether or not exterior buyers have been concerned or if the cash was solely theirs.

That element issues as a result of it adjustments how the loss could be seen — as non-public failure or as potential misconduct affecting others. For now, prosecutors are centered on the poisoning cost and a breach of the Pesticide Management Act.

Crypto Deal Catastrophe: The Human Toll

Chosun and Asia Enterprise Each day carried quotes and timelines from investigators and from the sufferer. The reporting has emphasised the human toll: sleepless nights, hospital visits, and a ruined wedding ceremony plan. These particulars give a face to what would possibly in any other case learn as a monetary dispute.

Court docket Date

A trial is scheduled for March 10 on the Seoul Jap District Court docket. Prosecutors will current proof linking the accused to the pesticide and to the drink served that day.

The accused faces critical penalties if convicted, together with jail time and fines beneath the pesticide legislation.

Featured picture from Unsplash, chart from TradingView

Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluation by our group of prime know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.



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Tags: BusinessKoreanSouthWrong
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