A woman in South Korea has been additionally charged for illegally operating a cryptocurrency gambling website, involving 2.3 billion dollars

2025-01-08 13:59:43

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ChainCatcher news, according to the Korea Economic Daily, South Korean prosecutors have added charges against a woman in her 30s. The woman is suspected of operating an illegal cryptocurrency gambling website in Thailand, with additional charges including concealing criminal proceeds and false accusations.

From April 2018 to August 2021, the website she managed received over 24,000 bitcoins (worth $2.3 billion) from users, including South Koreans. The website facilitated gambling by predicting fluctuations in bitcoin prices. She was initially sentenced to five years in prison for establishing illegal gambling and money laundering, but her sentence was reduced to 2.5 years after an appeal. The case is currently awaiting a ruling from the South Korean Supreme Court.

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