Seoul police arrested two men from the Miss Web3 project on suspicion of illegal token sales


At around 1:30 p.m. local time on March 31st, Korean police in the southern part of Seoul arrested two representatives of the organizers of the Miss Web3 event – Korean national Danny Cho and Singaporean national Charles Lee, causing the preparation work for the Miss Web3 Korea event to be interrupted.

At the time of the incident, the two were attending the ETH Week Korea event and were selling the cryptocurrency $ROMA at the event venue. This asset is issued by the Roma Foundation, the organizer of the Miss Web3 event, with approximately 1499 BTC reserve assets, valuing at around $106 million.

The two publicly claimed at the scene that as the Miss Web3 global events continued to be held in the future, the total prize pool amount would continue to rise, and the reserve amount would continue to reach new highs. After receiving the report, the police took the two to the police station for further investigation and interrogation, leaving the whereabouts of the 1499 BTC a mystery.

It is worth noting that the Korean station is the first global station of the Miss Web3 event, which will be followed by tours in 20 major cities worldwide.