Former Employees From Major South Korean Firms Quit Their Jobs After Pocketing Millions in Crypto Profits – Finance Bitcoin News


The South Korean cryptosphere is volatile in terms of regulatory measures, as Bitcoin prices and other altcoins are also moving wildly. Such a scenario has not stopped the country’s middle class from profiting from the crypto market, even with very successful stories.

One of the respondents risked saving his life in cryptos

According to a report by TV broadcaster JTBC, employees of large companies like Shinhan Card, Samsung and LG Electronics said they had amassed enough profits to quit their jobs.

The statements contained in the video report show that the individuals have managed to collect millions of dollars worth of cryptos.

One of them, a former Shinhan Card employee, told JTBC that he had managed to win nearly 3 billion won ($ 2.7 million) but made it clear that with such astounding wins he was taking a risky move have undertaken.

In fact, he invested his savings and some loans in crypto businesses, and after earning the millionaire’s profit, he quit his job at Shinhan Card last month. Interestingly, he became a full-time Youtuber to demonstrate his success in crypto investing.

Former Samsung employee made about $ 36 million in profit

But its story is by far the most successful presented in the report.

Another former employee interviewed by JTBC, who was a Samsung employee, said he had made around 40 billion won ($ 36 million) in profits after spending just 50 million won ($ 44,670) ) had invested in cryptocurrencies.

None of the above respondents revealed which cryptos they invested their money in.

However, an employee from Yeoido’s financial district who did not disclose the company’s name was reluctant to invest in Bitcoin (BTC) when she told JTBC that many people are investing in crypto. She claimed to have been “concerned” about such investments. News recently reported that the South Korean crypto market continues to boom across the board. A study found that domestic crypto investors made around $ 7 billion a day between January 1 and February 25, 2021.

What do you think of this report on the South Korean middle class making amazing profits from cryptos? Let us know in the comments below.

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