Crypto Scammer’s $16K Makeover Fails to Prevent Arrest

A fugitive accused of orchestrating a multimillion-dollar crypto scam has been arrested despite going to extreme lengths to change his appearance with expensive plastic surgery and disguises.

The man, whose name has not been disclosed, had been on the run for nearly ten months after failing to attend a scheduled pre-trial hearing.

As reported by The Straits Times, a Singapore-based media outlet, he allegedly led a crypto scheme that defrauded investors of over 16 billion won, or about $15.6 million.

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During his time on the run, he underwent extensive plastic surgery, spending around 21 million won (approximately $16,000) to change his facial features, including his eyes, nose, and overall appearance. He also used wigs to further disguise himself.

Despite these efforts, law enforcement was able to track him down by analyzing evidence such as surveillance footage, phone records, and his internet search history. This thorough investigation confirmed his identity, leading to his arrest.

This case illustrates the extreme measures some will take to avoid justice, but it also demonstrates the determination of authorities to bring such individuals to account.

In other news, Montenegro’s Appellate Court confirmed on August 1 that Do Kwon, co-founder of Terraform Labs, will be extradited to South Korea.

Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.