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A South Korean Business Gone Wrong

February 26, 2026Updated:February 26, 2026No Comments3 Mins Read
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A South Korean Business Gone Wrong
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Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Advert Disclosure

A person in his thirties has been charged with tried homicide after a enterprise associate fell ailing following a gathering at a café, stories say. The case stems from a dispute over failed crypto investments.

The accused is alleged to have put the pesticide methomyl into the associate’s espresso throughout a gathering in November. The sufferer collapsed, was taken to hospital, and regained consciousness three days later.

Seoul Japanese District Prosecutors’ Workplace opened the case and introduced the costs. Based on native shops, the dispute grew out of heavy losses tied to a shared Bitcoin funding program within the crypto market that started in 2022.

Stories say about ₩1.17 billion was misplaced — an quantity that, by the events’ account, included each firm funds and cash the accused had put in personally.

Alleged Poisoning

The person accused is claimed to have met his associate at a café and supplied a drink. After taking a number of sips, the associate misplaced consciousness. Emergency companies had been referred to as. He was rushed to hospital and stayed beneath look after a number of days.

He later instructed reporters his life had been shaken; he had been planning a marriage and his associate’s sickness hit his household onerous.

Complete crypto market cap presently at $2.27 trillion. Chart: TradingView

Dispute Over Crypto Funding Funds

Stories be aware the 2 ran an funding operation that dealt with pooled cash for Bitcoin bets inside the crypto sector. The precise enterprise setup just isn’t absolutely defined in public stories. It isn’t clear whether or not exterior buyers had been concerned or if the cash was solely theirs.

That element issues as a result of it modifications how the loss can be seen — as non-public failure or as potential misconduct affecting others. For now, prosecutors are centered on the poisoning cost and a breach of the Pesticide Management Act.

Crypto Deal Catastrophe: The Human Toll

Chosun and Asia Enterprise Every day carried quotes and timelines from investigators and from the sufferer. The reporting has emphasised the human toll: sleepless nights, hospital visits, and a ruined wedding ceremony plan. These particulars give a face to what would possibly in any other case learn as a monetary dispute.

Court docket Date

A trial is scheduled for March 10 on the Seoul Japanese District Court docket. Prosecutors will current proof linking the accused to the pesticide and to the drink served that day.

The accused faces severe penalties if convicted, together with jail time and fines beneath the pesticide legislation.

Featured picture from Unsplash, chart from TradingView

A South Korean Business Gone Wrong

Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluation by our group of prime expertise specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.

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