(G)I-DLE's boss is also crazy about Cryptocurrency Speculation! CUBE Entertainment representative Kang Seong-kun is suspected of promoting fraudulent coin EGG, which has dropped 90%.
According to the exclusive news from the Korean Economic Daily, Kang Seung-kun, the largest shareholder of the well-known Korean entertainment company CUBE Entertainment, was accused of promoting a fraudulent coin called EGG (Nesttree) to acquaintances and company employees. After the news of the collaboration with CUBE, the coin rose tenfold in just one month, but now it has fallen below the opening price and is currently about 4.85 Korean won before the deadline.
CUBE investment blockchain company ran away
Nesttree Media Group operates the e-commerce service Nestre Mall using the encrypted coin Nestree, and also has businesses related to community and NFT. The text points out that Cube Entertainment participated in the capital increase of Nesttree Media Group in March 2022, investing 100 million Korean won and obtaining 40% of the company's shares. The price of Nesttree in February 2022 was about 5 Korean won. After the news of CUBE's investment came out, its price soared to 50 Korean won, more than 10 times in just one month.
However, the community, as the main product, has stopped service, and Nesttree Mall has not been delisted, but all products are marked as sold out. The price of EGG has been continuously falling since April 2022, with a decrease of more than 90%.
Victims include securities companies, CUBE entertainment employees and high-interest lenders.
Victim A stated that Kang Shengkun recommended investment in early 2022 and assured the principal, so he could rest assured to make the purchase. He added that many people, including securities firms, Cube Entertainment, and private usurers, believed in Kang Shengkun's words. In addition, Mr. B, who invested in Nesttree together with Mr. A, also believed in Kang's representation and invested about 80 million Korean won in Nesttree in March 2022. However, as Nesttree's value plummeted, Mr. B lost over 70 million Korean won.
There is also a news source in the report that Jiang Shengkun said he would provide insider listing information of other coins for victims to compensate for their investment losses. Even Cube Entertainment announced at the end of last year that it plans to use this type of token as a payment method for its subsidiaries.
Jiang Shengkun: There is no guarantee of sales investment, and will continue to cooperate with Nesttree business.
Jiang Shengkun said that the accusation that he and CUBE Entertainment were involved in fraudulent coin is completely unfounded. He said that there is no fact that recommends encrypted coin investment with capital preservation as a condition. And the participation in the actual increase of Nesttree Media Group is part of Cube Entertainment's expansion of blockchain business investment, and they plan to continue to cooperate with Nesttree in the future.
(G)I-DLE's boss has launched a music metaverse platform
CUBE Entertainment's well-known artists include the girl group (G)I-DLE, with members such as Soyeon, Miyeon, Chinese member Song Yuqi, Thai member Minnie, and Taiwanese member Yeh Shuhua. In addition, Kang Seung-koo also serves as the major shareholder of the emerging skincare brand VT, and its micro-needle essence has gained some popularity in Taiwan. In addition, CUBE Entertainment previously collaborated with Animoca Brands to launch a music metaverse platform.
The (G)I-DLE boss is also crazy about pumping coins! CUBE Entertainment representative Kang Shengkun is suspected of promoting fraudulent coin EGG, which has fallen 90%, first appeared in ChainNews ABMedia.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
(G)I-DLE's boss is also crazy about Cryptocurrency Speculation! CUBE Entertainment representative Kang Seong-kun is suspected of promoting fraudulent coin EGG, which has dropped 90%.
According to the exclusive news from the Korean Economic Daily, Kang Seung-kun, the largest shareholder of the well-known Korean entertainment company CUBE Entertainment, was accused of promoting a fraudulent coin called EGG (Nesttree) to acquaintances and company employees. After the news of the collaboration with CUBE, the coin rose tenfold in just one month, but now it has fallen below the opening price and is currently about 4.85 Korean won before the deadline.
CUBE investment blockchain company ran away
Nesttree Media Group operates the e-commerce service Nestre Mall using the encrypted coin Nestree, and also has businesses related to community and NFT. The text points out that Cube Entertainment participated in the capital increase of Nesttree Media Group in March 2022, investing 100 million Korean won and obtaining 40% of the company's shares. The price of Nesttree in February 2022 was about 5 Korean won. After the news of CUBE's investment came out, its price soared to 50 Korean won, more than 10 times in just one month.
However, the community, as the main product, has stopped service, and Nesttree Mall has not been delisted, but all products are marked as sold out. The price of EGG has been continuously falling since April 2022, with a decrease of more than 90%.
Victims include securities companies, CUBE entertainment employees and high-interest lenders.
Victim A stated that Kang Shengkun recommended investment in early 2022 and assured the principal, so he could rest assured to make the purchase. He added that many people, including securities firms, Cube Entertainment, and private usurers, believed in Kang Shengkun's words. In addition, Mr. B, who invested in Nesttree together with Mr. A, also believed in Kang's representation and invested about 80 million Korean won in Nesttree in March 2022. However, as Nesttree's value plummeted, Mr. B lost over 70 million Korean won.
There is also a news source in the report that Jiang Shengkun said he would provide insider listing information of other coins for victims to compensate for their investment losses. Even Cube Entertainment announced at the end of last year that it plans to use this type of token as a payment method for its subsidiaries.
Jiang Shengkun: There is no guarantee of sales investment, and will continue to cooperate with Nesttree business.
Jiang Shengkun said that the accusation that he and CUBE Entertainment were involved in fraudulent coin is completely unfounded. He said that there is no fact that recommends encrypted coin investment with capital preservation as a condition. And the participation in the actual increase of Nesttree Media Group is part of Cube Entertainment's expansion of blockchain business investment, and they plan to continue to cooperate with Nesttree in the future.
(G)I-DLE's boss has launched a music metaverse platform
CUBE Entertainment's well-known artists include the girl group (G)I-DLE, with members such as Soyeon, Miyeon, Chinese member Song Yuqi, Thai member Minnie, and Taiwanese member Yeh Shuhua. In addition, Kang Seung-koo also serves as the major shareholder of the emerging skincare brand VT, and its micro-needle essence has gained some popularity in Taiwan. In addition, CUBE Entertainment previously collaborated with Animoca Brands to launch a music metaverse platform.
The (G)I-DLE boss is also crazy about pumping coins! CUBE Entertainment representative Kang Shengkun is suspected of promoting fraudulent coin EGG, which has fallen 90%, first appeared in ChainNews ABMedia.