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Cube Entertainment CEO was accused of claiming that NestreeToken investment guarantees principal, suspected of misleading investors
Odaily Planet Daily News According to reports, Kang Seung-gon, the CEO of Cube Entertainment, a giant in the Korean music industry, has been accused of encouraging colleagues and investors to purchase Nestree Media Group's digital token Nestree, and claiming to guarantee the safety of the principal. Although Jiang Chengkun denied these claims, it is reported that with the sharp drop in the price of the Token, his guarantee has led to significant financial losses for many investors. The victims are currently considering legal action. The collaboration between Cube Entertainment and Nestree began in March 2022, when the company invested 100 million Korean won (approximately $68,376) through a capital increase to acquire a 40% stake in Nestree Media Group.