Korean girl group Kara member Park Gyuri is accused of being involved in the Pica Coin cryptocurrency fraud case

ChainCatcher news, according to Cryptonews, Kara member Park Kyung-ri is facing more cryptocurrency-related charges. Park Kyung-ri is accused of being involved in the Pica Coin cryptocurrency fraud case associated with Park Geun-hye's ex-boyfriend, Song Ji-ho. Pica Coin is a low-market-cap token themed around art.

Park Kyung-ri stated in court that she did not participate in any illegal cryptocurrency schemes or manipulate token prices. She claimed that during her time as "Chief Communications Officer and Advisor" at Pica, she was only involved as an employee in the planning and promotion of art exhibitions and was not aware of matters related to crypto assets.

Nevertheless, Pica Coin CEO Seong Hae-joong stated that Park Kyung-ri's statements are false and that she had received cash compensation from Song. Currently, Song has been arrested for 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.