South Korean courts have denied bail to 'Jonber Kim', also known as Park, who stands accused of orchestrating a 340 billion KRW cryptocurrency scam. Park is facing multiple indictments related to the fraudulent issuance and manipulation of cryptocurrency. Initially, Park was indicted and subsequently released on bail for creating and promoting a scam coin called 'Podo'. He allegedly inflated the price of 'Podo' artificially before selling off his holdings, netting a profit of 80.9 billion KRW. Following this, Park was re-indicted on charges related to a second scam coin, 'Atube'. The prosecution alleges he embezzled 260 billion KRW through the 'Atube' scheme. The court's decision to deny bail suggests the severity of the charges and a potential flight risk. The case highlights growing concerns regarding cryptocurrency fraud and the need for stricter regulations in the digital asset market. ```