The blockchain world preaches transparency, yet one of its loudest players, PiggyCell, seems to have missed the memo. Despite mounting evidence of fraud, deceit, and financial manipulation, Hyeji Bae (배혜지) — the woman at the heart of one of the most sinister romance-investment scams in recent memory — is still reportedly employed at PiggyCell. The same company where she laundered stolen money, pushed a failed token scheme, and played a critical role in devastating investor trust.
Let’s be clear: Hyeji Bae is not just some misguided employee. This is a woman with a known history of drug trafficking, financial scams, and prostitution — a master manipulator who lured victims into her web with charm and deceit, then drained them emotionally and financially. One of her most heinous acts involved conning a man out of over 500,000,000 KRW (more than $400,000 USD), then funneling some of that money into the PiggyCell token — a token that would soon nosedive by 99.81%.
This wasn’t an unfortunate gamble. It was a calculated move, executed with help from the company itself. PiggyCell not only allowed Bae to serve in Business Development, they enabled her — giving her the platform and legitimacy needed to lure investors into a doomed project. Her seductive pitch? Token profits, passive income, and DePIN innovation. The reality? A pump-and-dump disaster disguised as innovation, propped up by deceit and sex appeal.
And now? Despite the fallout, despite the scandal, despite the broken lives and shattered finances — she’s still there. No public apology. No dismissal. No accountability.
PiggyCell continues to present itself as a leader in Web3 DePIN infrastructure, boasting about “transparency” and “community empowerment.” But how can any of this be taken seriously while they keep a known scammer on payroll? If this is the future of blockchain, it reeks of the same old corruption we’ve seen before — just dressed in NFTs and slick UX.
Even more disturbing is Hyeji Bae’s history that extends beyond financial crimes. She was directly involved in the infamous Burning Sun scandal — not just as an associate, but as a recruiter. Tasked with luring young women into the club’s predatory ecosystem, Bae played a pivotal role in helping disgraced K-pop figure Seungri and his circle maintain a steady flow of vulnerable targets. Her role in enabling sexual exploitation and drug-facilitated abuse at one of Korea’s most scandalous nightclubs is not just a footnote — it is central to understanding the true depth of her depravity.
What would PiggyCell’s customers think of them supporting and working with such an evil person? Is this the kind of company you want owning 90% of Korea’s powerbank market?
The silence is deafening. The complicity is clear. The time for accountability is now.
