K-pop Stars Choi Si-won, Cho Hyun-young Deny South Korean ‘Scam Coin’ Involvement
K-pop Stars Choi Si-won, Cho Hyun-younger Thunder South Korean ‘Rip-off Coin’ Involvement
K-pop stars Choi Si-won and Cho Hyun-younger hold denied allegations that they were all for selling so-called South Korean “scam cash.”
Their denials scheme amid ongoing controversy and suspicions surrounding the blockchain-powered sports platform Winnerz.
A rising choice of top-level South Korean YouTubers and celebrities were linked to the controversy since anonymous crypto traders accused Winnerz of operating a “multi-level fraud” draw.
K-pop Stars Tell They Accumulate ‘No Connection’ With Crypto ‘Fraudsters’
Choi Si-won, moreover known mononymously as Siwon, is a member of the chart-topping K-pop neighborhood Large Junior.
Cho Hyun-younger, moreover known mononymously as Hyunyoung, is a old member of the all-female K-pop neighborhood Rainbow.
In present years, both Choi and Cho hold become YouTubers, gathering over half of one million and 278,000 subscribers respectively. In a community put up on her YouTube page, Cho wrote:
“I genuinely hold nothing to enact with the present controversy connected to […] Winnerz Coin.”
Scores of celebrities, including the World Cup semi-finalist soccer huge establish Lee Chun-soo and a couple of of South Korea’s most popular YouTube and social media influencers, were implicated in Winnerz-connected controversy this month.
Nonetheless, it appears that the allegations surrounding Cho and Choi center on one more suspected “scam coin” named The Formative years Pay (TYP).
What Is ‘The Formative years Pay’ Coin?
The Formative years Pay is an Ethereum-based totally coin and is the brainchild of a firm that calls itself the Korea Formative years Rate.
Its organizers whisper that the coin is a instrument created to abet promote a formative years-connected policy to the govt. and the South Korean Nationwide Assembly.
The Korea Formative years Committee awarded both Choi Si-won and Cho with certificates in 2022, a incontrovertible truth that has caused many to question if they or other K-pop stars were paid to promote TYP.
The masterminds launched the token in March 2022, curiously hoping to promote as a fee platform no longer in incompatibility to the accepted Seoul govt-traipse ZeroPay e-payments resolution.
The organizers managed to genuine an in a single more country crypto change listing for The Formative years Pay, however its value has since plummeted to zero.
Photography Hyperlink Essential particular person to Case?
More than one traders hold claimed that The Formative years Pay is a rug-pull model “scam,” and police investigators are thought to hold launched a probe.
Photography hold emerged of Cho with a particular person linked to the TYP coin in the previous few days, causing many to question her relationship with the token.
Alleged ‘Rip-off Coin’ Initiatives Linked?
It is a ways unclear at this stage if Winnerz-linked scam cash and the Formative years Pay mission are connected.
Nonetheless, police in the town of Gimpo made two arrests alongside with suspected scam cash situations this week.
The officers appear to hold arrested the mastermind of a soccer-themed token named Golden Aim (GDG).
South Korean crypto community contributors whisper that a particular person named Choi Seung-jung masterminded the GDG mission.
Choi Seung-jung is moreover thought to hold links to Winnerz. The agency has denied allegations that the Winnerz token WNZ is a scam coin.
Winnerz mentioned that WNZ is in the indicate time “in the center of” of gaining a home change listing.
K-Pop Stars Thunder Claims: Large Juinor Singer Says He Did Nothing Inappropriate
Choi Si-won, meanwhile, took to his Team tab on YouTube to write, both in Korean and English:
“I desire to particular explicitly that I genuinely hold no involvement [in] the controversy surrounding the Korea Formative years Committee’s [The] Formative years Pay. I genuinely hold never been appointed as an envoy for the Korea Formative years Committee’s [The] Formative years Pay.”
#SuperJunior’s #ChoiSiwon Denies Allegations Of Involvement In Coin Fraudhttps://t.co/jryMAM3gL1 pic.twitter.com/ZmatsDzJGj
— Soompi (@soompi) February 13, 2024
The Large Junior member mentioned that it used to be factual that he had “acquired an award at a ceremony organized by the Korea Formative years Committee.”
Nonetheless, he mentioned this “used to be in recognition of setting a correct instance for the formative years.”
The award, he mentioned, used to be “unrelated to the current controversy,” and the singer mentioned he had “no involvement in the Korea Formative years Committee’s Formative years Pay or any particular particular person’s political actions.”
Cho, however, admitted that she had been appointed a Korea Formative years Committee ambassador. But she mentioned that she had “never promoted The Formative years Pay.”
She moreover claimed that she had no relationship with the TYP legit she used to be photographed with.
The singer mentioned that she had merely posed for a photograph with the actual particular person as a result of she is a “friendly particular person” who had spoke back to the actual particular person’s “seek files from.” The large establish wrote:
“As the articles and photos in question are causing controversy and suspicion about me, I am making ready a criminal criticism against the officers of the Korea Formative years Committee. I am taking the suggestion of a licensed expert on this topic. […] I genuinely hold never participated in […] coin fraud.”
In 2021, Cho starred as the chief of a “white hat” hacking neighborhood in the movie Twenty Hacker, which tells the memoir of a devastating files breach at a home crypto change.
Source : cryptonews.com
