KOK fraud trial hits 24 hearings with no verdict as only a third of 60 witnesses questioned
- —Estimated losses of 2.5 trillion won ($1.88 billion) across about 570,000 victims
- —Around 24 hearings held so far with no ruling issued
- —Only about a third of roughly 60 witnesses have testified
- —The main defendant has already been released on bail, drawing lawmaker criticism
Why it matters: The case sets a precedent for how quickly Korea's largest crypto pyramid scheme is punished and victims are repaid, shaping retail trust in the market.
Source: TokenPost