A person in South Korea is reportedly going through jail time for allegedly poisoning his enterprise accomplice with pesticide-laced espresso over a dispute associated to greater than $816,000 in crypto funding losses.
The Seoul Jap District Prosecutors’ Workplace has accused a person in his 30s of including the pesticide methomyl to his enterprise accomplice’s drink throughout a gathering at a café in November, native information shops Chosun and Asia Enterprise Every day reported on Monday.
After ingesting the espresso, the sufferer misplaced consciousness and collapsed. He was rushed to the hospital and regained consciousness three days later, in accordance with stories.
Dispute over $800,000 in crypto losses
Beginning in 2022, the 2 males reportedly operated an funding enterprise managing Bitcoin (BTC) funding applications.
Nevertheless, a dispute arose when the accused man allegedly misplaced over 1.17 billion Korean received ($816,000), together with firm funds he had invested personally, which led the alleged sufferer to imagine management of the corporate’s funds.
The alleged sufferer, who was not named, informed Asia Enterprise Every day that on the time he claims he was poisoned, “I used to be about to get married, and my spouse was within the early phases of being pregnant. My household was nearly fully destroyed. I’ve recovered so much now, however I nonetheless go to the hospital.”
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A trial date is scheduled for March 10 on the Seoul Jap District Court docket, the place the accused is going through fees of tried homicide and violation of the Pesticide Management Act.
The case comes amid a backdrop of a friendlier atmosphere for crypto in South Korea for the reason that election of President Lee Jae-myung in June, who has pushed ahead with numerous crypto-related legal guidelines, together with a invoice to legalize stablecoins.
That’s led the native market to increase, with the variety of crypto change customers in South Korea surpassing 16 million final yr, greater than 30% of the inhabitants, because the crypto market hit new highs.
Nevertheless, the broader crypto market noticed a downturn late in 2025, as Bitcoin quickly fell from its October peak of over $125,000 to commerce underneath $90,000 by late December. It is continued to fall and is now buying and selling at round $65,500.
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