Spread narrowing

Today the kimchi premium got as far as around -10% at its worst, like 1 hour ago, but the gap is narrowing fast now.
It's at around -5% at 11:31 local time here in Seoul (GMT-9h).

20 minutes ago, some said it was bouncing back, but now everyone says it's a dead cat.

Will the Tether scandal end up as a scam?