1,000 won vs. coins, plunging to 2 won...9.8 billion won worth of market manipulation.

The Seoul Metropolitan Police Agency's financial crime unit arrested 104 people, including two representatives of similar investment advisors, and handed them over to the prosecution for stealing investment by manipulating the market price after selling virtual assets.

They are accused of stealing 9.8 billion won from 168 investors by selling virtual assets listed on overseas exchanges by deceiving them that they could earn more than 300 percent of profits by running an investment reading room, and then sending the market soaring and plunging.

According to a police investigation, the market price of coins sold for 100 won per coin once exceeded 1,000 won based on overseas exchanges and has now fallen to the 2 won range.

They approached the victims, saying they would allow them to make up for the stock losses, and it was confirmed that most of the victims were in their 50s or older.

Police confiscated 5.6 billion won worth of cash and high-priced items among their criminal proceeds.