A cryptocurrency scammer in South Korea, who was previously declared dead by law, has reappeared and repaid the victims for their losses.

PANews March 6 News, according to DL News, a Korean cryptocurrency fraudster who was previously declared dead has recently reappeared and has repaid victims approximately $60,000. The man committed a major crypto scam in June 2019 and fled to Cambodia. After his family applied, the court issued a missing person declaration, legally deeming him dead in the country. In January this year, Cambodian authorities deported him back to Korea. The prosecution immediately arrested him and began handling his legal status. To compensate victims, the prosecution successfully applied to cancel the missing person declaration, restoring his legal identity on February 27, which allowed the disposal of frozen bank and crypto accounts. The prosecution, in cooperation with defense lawyers, victims, and exchanges, arranged the sale of his frozen digital assets to repay victims about $60,000. The prosecution stated that it will conduct a strict investigation, while also protecting the rights of the parties involved and striving to resolve the dispute by recovering actual losses.