South Korean Prosecutors Seek 4.5-Year Sentence in Solana-Based CATFI Rug Pull Case

South Korean prosecutors are seeking a 4.5-year prison sentence for the alleged mastermind behind the Solana-based CATFI rug pull. According to NS3.AI, investigators accused the group of generating 400 million won in illicit profits and said the scheme led to losses for 256 investors totaling 900 million won. Prosecutors allege the defendant played a central role in orchestrating the CATFI project’s collapse and the resulting investor losses.