Park Gyuri Faces New Crypto Allegations Amid Trial

The situation highlights potential risks for celebrities involved in crypto, echoing previous celebrity-linked crypto controversies.

Park Gyuri is currently embroiled in a legal case involving PICA Coin, linked to her former partner, Song Ja Ho. Accusations assert direct involvement in cryptocurrency promotions despite her denial of any crypto knowledge or gains.

Song Ja Ho, founder of the Pica Project, was accused of unsecured investments and market manipulation. Park’s role as Chief Communications Officer and curator at Pica is under examination during court proceedings.

The controversy impacts Ecosystem perceptions, with Park’s claims contradicted by Pica Project statements of receiving financial gains. The courtroom drama is influencing how Korea assesses celebrity endorsements in finance.

Park Gyuri’s defense underscores a lack of knowledge about cryptocurrencies and insists on her limited artistic promotional duties. Accusations allege otherwise, hinting at potential undisclosed financial motivations.

“I had no knowledge of virtual assets and did not want my photo included in the Pica Token white paper. I never took part in illegal coin-related business or gained any profit from it. Any deposits or withdrawals related to the coin were done at Mr. Song’s request and immediately returned or transferred. I never profited from cryptocurrency.”

Discrepancies between courtroom claims and community narratives challenge Park Gyuri’s stance. The lack of a verifiable on-chain trail further intensifies ambiguity.

The case mirrors past celebrity crypto disparities, with regulatory bodies yet to issue formal comments. Observers anticipate ripple effects on Korea’s crypto and entertainment sectors if allegations are substantiated.