South Korea Flags Crypto Referral Schemes Mimicking Exchange Marketing

South Korean crypto watchdogs are again confronting an old problem in a new wrapper: multi-level-style solicitation that looks like ordinary exchange marketing. Recruiters are increasingly using overseas exchange ‘referral’ links—sweetened with ‘fee payback’ promises, futures rebates, and access to deposit products or launchpads—as the hook to pull retail investors into organized sales networks.

The approach is gaining visibility across Korean-language KakaoTalk and Telegram chatrooms, blogs, YouTube channels, and offline seminars, where would-be “community managers” present themselves as…  Read more

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