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A South Korean church accountant is suspected of embezzling 480 million won in donations to invest in Crypto Assets, resulting in losses. Police have applied for an arrest.
According to Mars Finance, the Jeonnam Mokpo Police Station in South Korea reported that a church accountant in his 60s has been applied for arrest on suspicion of embezzlement. The man allegedly misappropriated approximately 480 million won in donations between July last year and August this year, which were intended for church construction, but transferred them to a friend's account and invested in Crypto Assets, ultimately losing everything. The case is currently under further investigation.