The CEO of the South Korean entertainment company Cube has been accused of participating in encryption investment eyewash.

ChainCatcher News, according to The Block, Kang Seung-kon, CEO of Korean entertainment company Cube Entertainment, has been accused of participating in investment eyewash in encryption. He is suspected of encouraging acquaintances and colleagues to invest in Crypto Assets Nestree under Korean blockchain company Nestree Media Group. Nestree reached a price of 59 Korean won on March 28, 2022, and then fell 34% to 39 Korean won within a month, and fell to single digits by the end of the year. Previously, Cube had partnered with Animoca Brands to establish a joint venture focused on NFTs in 2022.