ChainCatcher news reports that the prosecution has applied for an arrest warrant for Hancom Chairman Kim Sang-cheol on suspicion of conspiring with executives of a subsidiary to unlawfully use virtual assets valued at approximately 9.6 billion Korean won (about 6.95 million USD).Kim Sang-cheol is suspected of leading the entire case of illegal fundraising involving the "Arowana Token." Arowana Token is a cryptocurrency.Arowana Token was first listed on a virtual asset exchange in South Korea on April 20, 2021. Within 30 minutes of its listing, its price skyrocketed from the initial 50 won to 53,800 won, a 1,075-fold increase, raising suspicions of market manipulation. At that time, the circulating supply of Arowana Token was 500 million tokens.