A South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims’ coins onto its platform.
According to Newsis, an individual named only as 'B' for legal reasons claimed they had been the victim of a scamming ring. The case was heard at the Civil Settlement Division of the Seoul Central District Court.
B’s lawyers explained that B and at least 10 other co-plaintiffs had fallen victim to a voice phishing scam, whereby scammers had managed to convince targets to send coins to the ring’s wallet. The wallet was hosted on the (unnamed) exchange.
The funds were then moved off the exchange’s platform.
The ring’s members posed variously as public prosecutors, staff members from financial institutions, savings bank employees, and credit card company representatives.
When the scam was exposed, the ring’s wallet was suspended, flagged as an account with links with voice phishing – with all deposits and...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...