By using fake social media channels, the suspects allegedly lured thousands into buying Solana memecoin CatFi, before abandoning the project.

South Korean authorities arrested a criminal group behind the Solana-based CATFI token rug pull, marking the country's first DEX fraud prosecution.

Arresto rug pull in Corea del Sud: Seul incrimina i presunti autori del rug pull DEX su Solana e applica la legge sui criptoasset.