South Korean Police Raid Winnerz Offices Over ‘Scam Coin’ Allegations
South Korean police have raided the offices of the sports-themed blockchain platform Winnerz as part of a probe into claims its WNZ token is a “scam coin.”
Per the newspaper Money Today, the Seoul Metropolitan Police Agency’s criminal task force announced on April 16 that it had searched and seized evidence from two locations.
Police said they raided a Winnerz office in Gangnam, Seoul, and the home of the former Winnerz CEO Choi Seung-jeong on April 1.
A court warrant granted police the right to search premises on suspicions of fraud and coercion under the Act on Aggravated Punishment for Specific Economic Crimes.
Several South Korean celebrities, sports stars, and social media personalities have denied links to Choi and Winnerz in recent months.
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