South Korea has indicted five suspects in the country's first criminal case over a DEX rug pull, after the CATFI meme coin scheme left 256 investors with 900M won in losses.

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.