South Korean woman faces new charges in $2.3 billion cryptocurrency gambling case
On January 8th, according to the "Korean Economic Daily", the Korean prosecutor's office 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 making false accusations. Between April 2018 and August 2021, the website she managed received over 24,000 bitcoins (worth $2.3 billion) from users (including Koreans). The website gambled by predicting changes in bitcoin prices. She was originally sentenced to five years in prison for setting up illegal gambling and money laundering, but her sentence was reduced to 2.5 years on appeal. Currently, the case is awaiting the decision of the Korean Supreme Court.
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