The Russian "treasure ship" was probably a fraud aimed at strengthening a cryptocurrency scam

A South Korean company that announced it has found over a hundred billion dollars in a gold treasure in a Russian warship is under investigation for possible fraud. Apparently the gold does not exist and the company would plan to use the treasure news to increase a new cryptocurrency.

Last month, the news broke that the Shinil group, a South Korean company, had discovered the centenarian relic of an Imperial Russian Navy cruiser, the Dmitri Donskoi . Survived at the Tsushima naval battle, the Donskoi was subtracted from the cost of the island of Ulleung in the Sea of ​​Japan. Shinil claimed that the ship went down carrying 200 tons of gold coins and 5,000 gold bullion boxes evacuated from Russia.

The Shinil explorers claimed to have seen a "treasure box" in the rubble, although gold had not been recovered. Shinil announced that he would apply to save gold, of which the Russian government was entitled to half. It would give ten percent of the rest to the infrastructure projects for the benefit of North and South Korea. Another ten percent would be transferred to the owners of the forthcoming cryptocurrency Shinil Gold Coin.

Now, the claims about gold are being destroyed. The company adjusted the projected value of gold again and again, and in a deposit made with the South Korean government eventually estimated that the treasure on board amounted to only one million dollars. This is very different from the original $ 130 billion. The Shinil group also closed and closed its website. The company is also considering whether Shinil used the news to influence the South Korean stock market.

As for the Shinil gold coin … you do not see it anywhere and the website does not work.

According to the Yonhap news agency, the Seoul Metropolitan Police Agency is examining the entire episode as a potential scam perpetrated by a family with a history of money-making frauds. Investigators believe that the operation was partly managed by a certain Rhu Seung-jin, who fled South Korea to Vietnam in 2014 after being accused of having made another scam. The Seoul police have requested an Interpol Red Notice for Rhu, which asks governments to arrest and detain individuals who have fled abroad for extradition.

Lost in all this is the discovery of Shinil of Donskoi an important result in yes. Well, no, not really: the Korean Institute of Ocean Science and Technology (KIOST) of the South Korean government claims to have discovered the wreck in 2003. Of course, Shinil claimed that the statements of the government agency were "fraudulent" ".

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