CATFI Memecoin
Summary
CATFI is a Solana-based memecoin launched in early 2025 via the Pump.fun launchpad. South Korean prosecutors charged five individuals, including a ringleader known online as 'Eth Father' (surname Park), with orchestrating a rug pull that inflated the token's price approximately 1,001-fold within 26 hours before draining liquidity and abandoning the project. This case represents South Korea's first criminal prosecution of a decentralized-exchange rug pull under the Virtual Asset User Protection Act.
Connected Entities
1 entities · 10 linked investigationsTimeline(8 events)
2025-01-01
CATFI memecoin created on Pump.fun Solana launchpad and listed on a Solana-based DEX. Exact date within early 2025 not confirmed in public reporting.
South Korea arrests suspects behind Solana memecoin CatFi in first rugpull case under new law (The Block)2025-01-01
Within approximately 26 hours of launch, CATFI's price surged approximately 1,001-fold. Operators allegedly conducted wash trading and fake social media promotion during this period. Exact date within early 2025 not confirmed in public reporting.
South Korea charges CATFI memecoin operators in first DEX rug-pull case (CryptoBreaking)2025-01-01
Operators allegedly withdrew DEX liquidity and sold insider token positions, collapsing the token's price. Approximately 6,000 buyers were left holding worthless tokens. Exact date within early 2025 not confirmed in public reporting.
South Korea makes first DEX rug pull arrest in CATFI case (crypto.news)2025-01-01
Initial police investigation opened following victim reports. Suspects allegedly claimed their accounts had been hacked; police closed the case. Exact date not confirmed in public reporting.
South Korea Cracks Down on CatFi Rugpull (CryptoPotato)2026-01-01
South Korea's Financial Services Commission referred the CATFI matter to prosecutors after the initial police closure. The Virtual Asset Crime Joint Investigation Unit opened a formal investigation. Exact date in 2026 not confirmed in public reporting.
South Korea Makes First Arrest in Landmark CatFi Rugpull Case (Tokenist)2026-05-11
Two primary suspects, including ringleader identified by surname Park (alias 'Eth Father'), arrested by Seoul Southern District Prosecutors' Office Virtual Asset Crime Joint Investigation Unit.
South Korea makes first DEX rug pull arrest in CATFI case (crypto.news)2026-05-27
Seoul Southern District Prosecutors' Office formally indicts all five suspects. Two detained, one indicted without detention, two charged with aiding suspect flight. Case becomes South Korea's first criminal prosecution of a DEX-based rug pull under the Virtual Asset User Protection Act.
South Korea Files First DEX Fraud Case After CATFI Rug Pull Scam (CryptoTimes)2026-05-27
Following public reporting of the indictments, the defunct CATFI token experienced a secondary speculative surge of approximately 6,000%–15,299% in market capitalization before collapsing again, causing additional losses for speculative buyers.
Solana Memecoin CATFI Rockets 15,299% After Dev Arrest (DailyCoin)Decision Log
- hash: 6zBGrsHBRj99FZpSUAyuh9t9dGxXHFYFqQf8AugZQLkd
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/4/2026, 8:52:29 PM
last updated: 6/4/2026, 8:53:25 PM
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