CatFi Creators Charged Over $600K Solana Meme Coin Rug Pull

• South Korean prosecutors charged five people linked to the CatFi meme token.
• The creators are accused of causing 900 million won, or about $600,000, in damages to 256 investors.
• The case marks South Korea’s first rug pull prosecution under its new Virtual Asset User Protection Act.

South Korean prosecutors have charged five people accused of running a CatFi meme coin rug pull that allegedly caused about $600,000 in losses to 256 investors. The case has drawn attention as the first time prosecutors have used South Korea’s new Virtual Asset User Protection Act against an alleged rug pull.

CatFi launched on the Solana token launchpad Pump. fun in February 2025. After prosecutors announced the charges, the dormant token jumped nearly 6,000% as traders attempted to revive what remained of the project.

CatFi Creators Face Rug Pull Charges

The Seoul Southern Dis…

Read The Full Article CatFi Creators Charged Over $600K Solana Meme Coin Rug Pull On Coin Edition.