From Crypto Partners To Alleged Poisoner: A South Korean Business Gone Wrong

bitcoinistPubblicato 2026-02-26Pubblicato ultima volta 2026-02-26

A man in his thirties has been charged with attempted murder after a business partner fell ill following a meeting at a café, reports say. The case stems from a dispute over failed crypto investments.

The accused is alleged to have put the pesticide methomyl into the partner’s coffee during a meeting in November. The victim collapsed, was taken to hospital, and regained consciousness three days later.

Seoul Eastern District Prosecutors’ Office opened the case and brought the charges. According to local outlets, the dispute grew out of heavy losses tied to a shared Bitcoin investment program in the crypto market that began in 2022.

Reports say about ₩1.17 billion was lost — an amount that, by the parties’ account, included both company funds and money the accused had put in personally.

Alleged Poisoning

The man accused is said to have met his partner at a café and offered a drink. After taking a few sips, the partner lost consciousness. Emergency services were called. He was rushed to hospital and stayed under care for several days.

He later told reporters his life had been shaken; he had been planning a wedding and his partner’s illness hit his family hard.

Total crypto market cap currently at $2.27 trillion. Chart: TradingView

Dispute Over Crypto Investment Funds

Reports note the two ran an investment operation that handled pooled money for Bitcoin bets within the crypto sector. The exact business setup is not fully explained in public reports. It is not clear whether outside investors were involved or if the money was only theirs.

That detail matters because it changes how the loss would be seen — as private failure or as potential misconduct affecting others. For now, prosecutors are focused on the poisoning charge and a breach of the Pesticide Control Act.

Crypto Deal Disaster: The Human Toll

Chosun and Asia Business Daily carried quotes and timelines from investigators and from the victim. The reporting has emphasized the human toll: sleepless nights, hospital visits, and a ruined wedding plan. Those details give a face to what might otherwise read as a financial dispute.

Court Date

A trial is scheduled for March 10 at the Seoul Eastern District Court. Prosecutors will present evidence linking the accused to the pesticide and to the drink served that day.

The accused faces serious penalties if convicted, including prison time and fines under the pesticide law.

Featured image from Unsplash, chart from TradingView

Domande pertinenti

QWhat is the accused charged with in the case involving a business partner falling ill after a café meeting?

AThe accused is charged with attempted murder and a breach of the Pesticide Control Act.

QWhat substance was allegedly used in the poisoning incident, and how did it affect the victim?

AThe pesticide methomyl was allegedly used, causing the victim to collapse, lose consciousness, and require hospitalization for several days.

QWhat was the financial loss that led to the dispute between the two business partners?

AApproximately ₩1.17 billion was lost from a shared Bitcoin investment program, involving both company funds and the accused's personal money.

QWhen is the trial scheduled to take place, and which court will handle the case?

AThe trial is scheduled for March 10 at the Seoul Eastern District Court.

QHow did the victim describe the personal impact of the incident on his life?

AThe victim stated that his life was shaken, his wedding plans were affected, and the illness had a hard impact on his family.

Letture associate

Within Strategy's Framework, STRC's Dividend Yield Remains at 12% as Share Price Stays Below Par Value

Michael Saylor, Executive Chairman of Strategy (MSTR), confirmed that the dividend rate for its STRC perpetual preferred shares will remain at 12.00% through August 2026. The rate has increased from 9% at its July 2025 launch to the current high via a "ratchet" mechanism, which permanently raises the rate by 0.5% whenever the share price falls below $95. This mechanism is intended to push the price back toward its $100 par value and support Strategy's "at-the-market" (ATM) program for issuing new shares to fund Bitcoin purchases. However, the mechanism has not worked as intended. STRC shares closed at $89.46 on July 31, remaining about 10-11% below par value despite the record-high dividend. Competition from rival Strive's higher-yielding SATA securities has pressured demand. The persistent discount has forced Strategy to suspend new STRC issuances via its ATM program, limiting this funding channel for Bitcoin acquisitions. STRC's struggles reflect Bitcoin's own volatility, as the preferred shares historically move in tandem. Analysts have warned the ratchet structure carries long-term, one-way risk. A law firm is investigating Strategy's ability to maintain dividend payments if Bitcoin's price stays low. Retail investors own roughly 83% of outstanding STRC shares, a group seen as prone to panic selling during downturns. In response, Strategy has established financial reserves, including a liquidity cushion covering about 26 months of dividend/interest obligations, and a $2 billion share buyback program alongside a Bitcoin monetization framework, though the company emphasized it is not obligated to sell any Bitcoin.

cryptonews.ru7 min fa

Within Strategy's Framework, STRC's Dividend Yield Remains at 12% as Share Price Stays Below Par Value

cryptonews.ru7 min fa

Analyst: Bitcoin's Price Will Drop to $60k in August, Then Rebound to $70k

Financial analyst Andrey Poroshin has provided a new forecast for Bitcoin's price dynamics in August. Poroshin, an analyst at the Bitbanker exchange, expects the cryptocurrency market to experience a downturn this month, with prices retesting the $60,000 level due to a lack of supportive macroeconomic catalysts. He noted that the recent US Federal Reserve decision to hold interest rates did not significantly impact the market, while inflation remains above the 2% target. Poroshin stated that Bitcoin is ending July under pressure from moderate volatility and a lack of new macroeconomic stimuli, leading to continued market caution. According to his base scenario, Bitcoin will drop to a range of $60,000 to $62,000 before recovering to $70,000. He pointed out that even $70,000 remains below the cost of mining in the US, which has prompted some miners to shift towards AI data center operations. Poroshin cited the winding down of BitMEX's operations as a potential catalyst for a price rebound, suggesting the exit of weaker players often coincides with market reversals and reduced short-term selling pressure. He believes Bitcoin is currently less susceptible to geopolitical shocks, such as the Iran-US conflict, and does not expect significant market changes in August related to the pending CLARITY Act. Looking ahead, Poroshin forecasts that September will bring more active price fluctuations driven by potential Fed rate decisions and possible discussions or approval of the CLARITY Act.

cryptonews.ru7 min fa

Analyst: Bitcoin's Price Will Drop to $60k in August, Then Rebound to $70k

cryptonews.ru7 min fa

Trading

Spot
活动图片