Legal Service For Virtual Asset Criminal Case Final Appeal, Not Guilty

The client purchased promising altcoins in advance because he was interested in virtual assets. He came across Coin A of Project K, a coin that could be used for global payments using virtual assets, and bought it. When many clients purchased A coins, K project officials invited the client to the area and showed that A coins were used at various stores. The client shared information on Coin A with acquaintances, some of whom asked him to buy Ethereum and transfer it to Project K instead. The client became an agent for Coin A during a special promotion. Later, acquaintances sued the client for pseudo-receiving and the court issued a summary order against him. The client then sought help from the Cha & Kwon law office.

The Act on the Regulation of Similar Receiving Acts prohibits engaging in similar receiving acts under certain circumstances. The main question in this case was whether the defendant had agreed to pay the victim the full amount of the investment or more. The victims claimed that the defendant had guaranteed to pay twice the principal for explaining “Coin A’s 1+1 airdrop project.”

Cha & Kwon law offices explained the airdrop promotion and general sales methods used in Altcoin to the court and defended the defendant by pointing out that the victims had arbitrarily interpreted the defendant’s promotion explanation and repeated contradictory statements to testify against the defendant through witness interrogation.

Cha & Kwon law offices successfully defended the defendant in the formal trial claims, first trial, and appeal, resulting in the defendant’s acquittal.

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