Skip to main content

Former Employees From Major South Korean Firms Quit Their Jobs After Pocketing Millions in Crypto Profits

Former Employees From Major South Korean Companies Quit From Their Jobs After Pocketing Millionaire Profits in Crypto

South Korea’s crypto-sphere has been witnessing a volatile environment in terms of regulatory moves, as bitcoin prices and other altcoins are also having wild moves. Such a scenario hasn’t stopped the country’s middle class to profit from the crypto market, even with very successful stories.

One of the Interviewees Risked His Life Savings in Cryptos

According to a report published by TV network JTBC, employees from major companies such as Shinhan Card, Samsung, and LG Electronics claimed they collected enough profits to quit their jobs.

Testimonies featured in the video report show that the individuals managed to collect millions of dollars worth of cryptos.

One of them, a former Shinhan Card worker, told JTBC that he managed to gain almost 3 billion won ($2.7 million) but clarified that he took a high-risk move by achieving such astonishing profits.

In fact, he invested his life savings and some loans onto crypto trades, and after he earned the millionaire amount in profits, he quit his job role at Shinhan Card last month. Interestingly, he became a full-time Youtuber to feature his success on crypto investments.

Former Samsung Employee Earned Around $36M in Profits

But his story is far to be the most successful one featured in the report.

Another of the former workers interviewed by JTBC, who was part of the staff at Samsung, claimed to have earned around 40 billion won ($36 million) in profits after investing just 50 million won ($44,670) worth in cryptocurrencies.

As a note, none of the above interviewees disclosed which cryptos they invested their money in.

However, a worker from the financial district of Yeoido – who didn’t disclose the name of the company – hesitated from investing in bitcoin (BTC) as she told JTBC that many people were investing in crypto. She claimed to have felt “anxious” about such kind of investment.

Bitcoin.com News recently reported that South Korea’s crypto market keeps booming across the board, as a study unveiled that domestic crypto investors transacted around $7 billion per day in the period ranging from January 1 to February 25, 2021.

What do you think about this report on the South Korean middle class making astonishing profits from cryptos? Let us know in the comments section below.



from Bitcoin News https://ift.tt/3tMMFhn
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin ( BTC ) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) at $48,697 per unit. Earlier in the morning at around 2 a.m., bitcoin was exchanging hands for $44,485 and saw an 8.98% increase since then. At the time of publication, at 6:30 p.m. (EST) on February 11, 2021, bitcoin (BTC) is swapping for $47,821 per coin. With BTC so close to the $50k mark, people have been forecasting ...
Post a Comment
Read more