Seoul Prosecutors Charge Five in First DEX Rug Pull Case

Editorial portrait of a Seoul prosecutor at a desk with a CATFI logo on a laptop, legal documents, and a gavel.

Seoul prosecutors charged five people on May 27, 2026, in what they described as South Korea’s first criminal prosecution of a decentralized-exchange rug pull. The case centers on CATFI, a Solana-based memecoin, and signals a broader enforcement push into decentralized markets.