RATE Group | Sunken Warship ‘Worth Billions in Gold’ Likely Part of Cryptocurrency Scam
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Sunken Warship ‘Worth Billions in Gold’ Likely Part of Cryptocurrency Scam

14 Aug Sunken Warship ‘Worth Billions in Gold’ Likely Part of Cryptocurrency Scam

Posted at 13:44h in Cryptocurrency News by

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Sunken Warship 'Worth Billions in Gold' Likely Part of Cryptocurrency Scam

Choi Yong-seok, CEO of Shinil Group, looks at a video footage taken by a submersible of the shipwreck (possibly the Dmitri Donski warship), during a press conference on a Russian ship in Seoul on July 26, 2018.

Credit: Jung Yeon-Je/AFP/Getty Images


In July, reports of a Russian warship that was discovered by a South Korean company and rumored to contain $132 billion worth of gold briefly made headlines and nudged stock investments. As it turns out, it was very likely a cryptocurrency scam, according to recent news reports.


The Dmitrii Donskoi ship sank during the 1904-1905 Russo-Japanese war off of a Korean Island. Over the years, rumors emerged that the ship contained lost treasure. [Image Gallery: Shipwreck Alley’s Sunken Treasures]


Last month, the Shinil Group took photographs of an underwater stern and various parts of a shipwreck and posted…

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