BackSouth Korea Charges Group in Alleged Rug Pull Involving Solana-Based Memecoin

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Cointelegraph5/28/2026Crime3 min read

South Korea Charges Group in Alleged Rug Pull Involving Solana-Based Memecoin

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South Korean prosecutors charged a group in an alleged rug pull involving the Solana-based memecoin Catpie, or CATFI, causing $599,000 in financial damage to 256 investors

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South Korean prosecutors charged a group in an alleged rug pull involving the Solana-based memecoin Catpie, or CATFI, in what local media described as the country’s first decentralized exchange (DEX) rug-pull prosecution. ...

A UN report reveals Southeast Asia's scam industry has evolved into an interconnected criminal economy, with losses estimated at $88.3 billion to $114.1 billion in 2025. It details transnational networks, forced labor from 80 countries, crypto laundering, and the use of advanced tech like AI and satellite internet, urging international cooperation.

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South Korea Charges Group in Alleged Rug Pull Involving Solana-Based Memecoin

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