South Korea arrests suspects behind Solana memecoin CatFi in first rugpull case under new law
Hex37's read
- South Korea arrests suspects in Solana memecoin CatFi rugpull.
- Suspects used fake social media to lure investors.
- This is the first rugpull case under new South Korean law.
What it means for traders
- Increased regulatory scrutiny in South Korea may deter future rugpulls.
- Memecoins, especially on Solana, remain high-risk investments due to rugpull potential.
Affected markets
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