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According to ChainCatcher, citing a report from Cryptonews, Kara member Park Gyuri is facing additional cryptocurrency-related charges. Park Gyuri is accused of being involved in the Pica Coin cryptocurrency fraud case linked to Song Ji-ho, the ex-boyfriend of Park Geun-hye.Pica Coin is a low-market-cap token themed around art. In court, Park Gyuri stated that she did not participate in any illegal cryptocurrency schemes or token price manipulation. She claimed that during her time as “Chief Communications Officer and Advisor” at Pica, she was only involved in organizing and promoting art exhibitions as an employee, and was not aware of matters related to crypto assets. Nevertheless, Pica Coin CEO Seong Hae-joong asserted that Park Gyuri’s statements were untrue and that she had received cash compensation from Song. Currently, Song has been arrested on charges of fraud and breach of trust, with prosecutors accusing him of soliciting investments in non-existent artworks and manipulating the price of Pica Coin for personal gain.

According to a report by Jinse Finance, Lookonchain monitoring shows that several newly created wallets collectively purchased 40,591 ETH today (approximately $148 million). Recently, a total of seven new wallets have accumulated purchases of 466,253 ETH (about $1.7 billion).