Popular Korean Crypto YouTuber Badly Beaten After Threats From Angry Investors

TFT-admin | January 10, 2020

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Daniel Palmer
Credit: Spunky’s Bitcoin Broadcasting/YouTube

A South Korean crypto YouTuber was assaulted at his home, with some suggesting the attackers may have been by upset investors.

Kyu-hoon “Spunky” Hwang was beaten in an elevator in his apartment block at around 01:00 local time on Friday, according to CoinDesk Korea.

Seoul’s Seongdong police station said it was seeking two suspects who attacked Hwang with a blunt weapon and then escaped. While the victim’s injuries are not life-threatening, he’s reported to be receiving treatment in a hospital.

“It is judged to be a planned crime aimed at [Hwang’s] life,” said a community notice from CoinRunners, a trading group run by Hwang’s company Bit Gosu.

The team said in the notice it is “severely shocked” and will focus on security after Hwang’s release from hospital.

The self-described “influencer” has been discussing cryptocurrency on his YouTube channel, Spunky’s Bitcoin Broadcasting. since October 2017 when he launched Bit Gosu, according to the report. The channel has around 59,000 subscribers, making Hwang one of the most popular crypto YouTubers in South Korea.

Bit Gosu has been involved in cryptocurrency-related marketing including ICOs and has a total of 10 employees. It also prompted something of a scandal after CoinRunners members were said to have lost funds.

CoinRunners said in the notice that some members had threatened “to kill employees” as a result.

CoinRunners is a members-only service with around 1,000 subscribers that offers both free and paid “gold” memberships. A representative told CoinDesk Korea members are provided cryptocurrency price analysis from Hwang and receive recommendations on ICO investments.

“CoinRunners, CoinRunners Gold and Bitcoin YouTube channels will be temporarily suspended, and we will decide whether to resume business,” a representative said. At press time, Hwang’s channel is still active.Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.