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S Korean Prosecutors Want to Jail $651m ‘Crypto Scammers’ for 12-15 Years

South Korean prosecutors say they hope to jail executives thought to be behind a $651 million crypto scam to prison for up to 15 years. Per the media outlet Asia Kyungjae, the alleged scam saw 8,000 people left out of po...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

S Korean Prosecutors Want to Jail $651m ‘Crypto Scammers’ for 12-15 Years
South Korean prosecutors say they hope to jail executives thought to be behind a $651 million crypto scam to prison for up to 15 years.
Per the media outlet Asia Kyungjae, the alleged scam saw 8,000 people left out of pocket.
The scammers allegedly offered individuals “payouts” if they paid their utilities bills using cryptoassets via a dedicated platform named OnNetworks....
Read More: S Korean Prosecutors Want to Jail $651m ‘Crypto Scammers’ for 12-15 Years

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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