A cryptocurrency scammer in South Korea, who was previously declared dead by law, has reappeared and repaid approximately $60,000 to victims.

Gate News reports that on March 6, a South Korean cryptocurrency scammer who was previously declared dead 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 South Korea. The prosecution immediately arrested him and began handling his legal status. To compensate victims, the prosecution successfully applied to revoke the missing person declaration, restoring his legal status on February 27, which allowed the seizure and disposal of his 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 thorough investigation, protect the rights of all parties involved, and strive to resolve the dispute by recovering actual losses.