South Korean police have revealed that the man who was arrested for attempted arson at the Upbit crypto exchange customer service center last week had made a disastrous cryptoasset investment and had lost money on token purchases.
The man was originally arrested on suspicion of trying to set himself alight in the corridor of the prestigious flagship offices in the Yeoksam neighborhood of Gangnam, Seoul’s most affluent district on November 4.
Panicked customers called police to the scene when the man began pouring what appeared to be lighter fluid or paint thinner all over the main corridor of the building and then started waving a lighter around. Some witnesses said the man had poured the liquid on himself and was ready to self-immolate, but
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