A Seoul court acquitted influencer Park, known as “Coin King Jonber Kim,” on October 15 of financial crimes tied to two cryptocurrency tokens. Prosecutors alleged that he made false promises, manipulated token prices and took $253 million from investors. The court found the evidence insufficient to link his actions to price changes or show that deceptive white papers led investors to buy the tokens; some investors cited other sources, and others’ reasons for buying were unclear.
