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A South Korean court sentenced the person responsible for a virtual asset-related fraud scheme to 5 years in prison, with the amount involved approximately 294 million USD

2024-10-15 15:34:22

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ChainCatcher news, according to SBS, the Seoul District Court in South Korea sentenced Park Byung-gon, the main person responsible for the Ado International investment recruitment plan, to 5 years in prison. Park Byung-gon was accused of carrying out a fraud scheme worth 400 billion won (approximately 294 million USD) through virtual assets.

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Virtual assets South Korea scam plan

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