Token

Read

Billion

<ul class="wp-block-list news-points">
 <li>South Korean lawmakers want a deeper probe into the KOK scam.</li>
 <li>The KOK token caused investors’ $3 billion in losses.</li>
 <li>KOK was priced at $7 at its peak and is now trading at $0.0007.</li>
</ul>
Lawmakers in South Korea are calling for a deeper investigation into the KOK crypto token scam and have urged the government to take action against those responsible for the token’s sudden price crash.
According to Aju Business Daily, Democratic Party lawmakers Yang Moon-seok and Min Hyung-bae want a comprehensive investigation into the cryptocurrency’s collapse, which affected over 1.86 million investors in South Korea and other countries. The KOK token was listed on eight different exchanges.
At one point during the crypto winter, the KOK token was worth $7 but as per the <a href="https://docs.google.com/document/d/1YEgVyKL2muLRJy5VgUFnn7Ahh4ExbXfO9laaem48RRI/edit" target="_blank" rel="noopener noreferrer nofollow">data</a> from CoinMarketCap, the price of the altcoin at the time of writing stands at $0.0007151, significantly down in the past two years. This crash resulted in ₩4 trillion ($3 billion) in losses for investors.
Read also : <a href="https://coinedition.com/crypto-now-safer-in-south-korea-thanks-to-this-new-foundation/" rel="noopener noreferrer nofollow">Crypto Now Safer in South Korea Thanks to This New Foundation</a>
The KOK Foundation claims to have a mission of delivering “Keystone of Opportunity and Knowledge” and improving the…
The post <a href="https://coinedition.com/south-korea-investigates-kok-token-crash-3-billion-lost/" rel="noopener noreferrer nofollow">South Korea Investigates KOK Token Crash, $3 Billion Lost</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

South Korea Investigates KOK Token Crash, $3 Billion Lost

Coin Edition

Other articles published on Oct 7, 2024

YouTuber Makes a Shocking XRP Price Prediction – 23X By December! Ripple vs SEC Heats Up

Worldcoin Shifts Gaze from EU to APAC and Latin America

How To Pick the Best Crypto Staking Platform: Top 10 for 2024

Crypto startup Layer secures $6m to solve limitations of smart contracts

SMCI Stock Gains as Firm Reports Strong Sales Data for Liquid-Cooled GPU Racks

These Viral Meme Coins Soar by Double Digits as Bitcoin Breaks Above $63K: Details

Join our free newsletter for daily crypto updates!