Park Gyuri Faces New Crypto Fraud Allegations in Court

Park Gyuri, former member of K-pop group KARA and former Chief Communications Officer of the PICA Project, is facing fresh cryptocurrency fraud allegations as court proceedings continue in Seoul, July 2025.

The trial focuses on alleged cryptocurrency fraud involving the PICA Coin project, seeking clarity amidst the scandal. This case emphasizes the scrutiny of celebrity endorsements in crypto ventures over potential manipulation.

Ongoing legal proceedings see Park Gyuri distancing herself from fraudulent activities related to the PICA Coin. Her testimony includes asserting a lack of involvement in illegal activities, coining a defense against accusations aligned with her role during the project’s publicity efforts.

Park Gyuri, Former Curator and CCO of PICA Project, “I never profited from cryptocurrency… Any deposits or withdrawals related to the coin were done at Mr. Song’s request and immediately returned or transferred.” source

Park Gyuri maintains innocence, stating she did not contribute to cryptocurrency-related illegal activities and had no involvement in market manipulation. She communicated adherence to artistic endeavors rather than speculative crypto pursuits.

The allegations significantly impact the cryptocurrency community, highlighting adverse effects on investor confidence in celebrity-backed tokens. The PICA Coin project, notably delisted by Upbit, underscores wider repercussions in asset trust and exchange policies.

Regard for due process is paramount as Park’s financial handling in PICA Coin is disputed upon court allegations. Market experts speculate on potential financial, regulatory, and technological outcomes in light of these crypto fraud allegations and broader investor implications.