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via The Block · By The Block Editorial

South Korea arrests suspects behind Solana memecoin CatFi in first rugpull case under new law

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The Block Editorial

(08:58 AM UTC)

1 min read

Verified byDavid Kim

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South Korean prosecutors have charged multiple individuals behind a Solana-based memecoin project named CatFi.

According to a Wednesday official release, the Seoul Southern District Prosecutors' Office has filed charges against two main suspects who were taken in custody, along with three others who were not detained.

The suspects allegedly launched CatFi on Solana memecoin launchpad…

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