A crypto scammer in South Korea who was once legally declared dead has resurfaced and compensated victims for their losses.

PANews, March 6 – According to DL News, a South Korean cryptocurrency fraudster who was previously declared dead has recently resurfaced and has repaid approximately $60,000 to victims. After committing a major crypto scam in June 2019, the man fled to Cambodia. His family applied for a missing person declaration, and the court subsequently declared him legally dead in South Korea. In January this year, Cambodian authorities deported him back to South Korea, where prosecutors immediately arrested him and began addressing his legal status. To compensate the victims, prosecutors successfully applied to revoke the missing person declaration, restoring his legal identity on February 27, which allowed them to handle his frozen bank and crypto accounts. Prosecutors, in cooperation with defense attorneys, victims, and exchanges, arranged for the sale of his frozen digital assets, repaying about $60,000 to the victims. Prosecutors stated they would conduct a thorough investigation of the case, strive to protect the rights of those involved, and make every effort to resolve the dispute by recovering actual losses.