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South Korean woman faces new charges in connection with $2.3 billion cryptocurrency gambling case
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2025-01-08 15:02 4,275
On January 8, according to the Korea Economic Daily, South Korean prosecutors added additional charges against a woman in her 30s for allegedly operating an illegal cryptocurrency gambling website in Thailand. The new charges include concealing proceeds of crime and making 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 gambles by predicting Bitcoin price changes. She was initially sentenced to five years in prison for setting up illegal gambling and money laundering, but her sentence was halved to 2.5 years on appeal. The case is currently awaiting a ruling by the South Korean Supreme Court.
Keywords: Bitcoin
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