South Korean woman faces new charges in $2.3 billion cryptocurrency gambling case

PANews reported on January 8 that according to the Korea Economic Daily, South Korean prosecutors have added charges against a woman in her 30s who is suspected of operating an illegal cryptocurrency gambling website in Thailand. The new charges include concealing criminal proceeds and false accusations. Between April 2018 and August 2021, the website she managed received more than 24,000 bitcoins (worth $2.3 billion) from users, including Koreans. The website gambled by predicting changes in Bitcoin prices. She was initially sentenced to five years in prison for setting up illegal gambling and money laundering, and her sentence was halved to 2.5 years on appeal. The case is currently awaiting a ruling from the Supreme Court of South Korea.

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Author: PA一线

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