The CEO of South Korean entertainment company Cube has been accused of being involved in a cryptocurrency investment scam

2025-01-10 14:59:05

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ChainCatcher news, according to The Block, Kang Seung-kon, the CEO of South Korean entertainment company Cube Entertainment, has been accused of being involved in a cryptocurrency investment scam. He is alleged to have encouraged acquaintances and colleagues to invest in the cryptocurrency Nestree, which is under the South Korean blockchain company Nestree Media Group. Nestree reached a price of 59 KRW on March 28, 2022, but fell by 34% to 39 KRW within a month, and dropped to single digits by the end of the year.

Previously, Cube collaborated with Animoca Brands to establish a joint venture focused on NFTs in 2022.

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