South Korean woman charged with 2.30 billion-dollar cryptocurrency gambling
On January 8, according to the Korea Economic Daily, South Korean prosecutors have added additional charges against a woman in her 30s who is suspected of operating an illegal cryptocurrency gambling website in Thailand. The new charges include concealing the proceeds of crime and false accusations. Between April 2018 and August 2021, the website she managed received more than 24,000 bitcoins (worth $2.30 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 charges, which was halved to 2.5 years on appeal. Currently, the case is awaiting a ruling by the Supreme Court of South Korea.