🎉 Exciting Update! South Korean Supreme Court Takes Down $153m Crypto Scammer! 🟢
📣 Big news from South Korea! The Supreme Court has tackled a crypto fraudster who collected a whopping $153 million and sentenced him to 10 years behind bars. This guy, known as Ko, was the mastermind behind a crypto company named QRC Bank.
**➡️** Earlier this year, Ko was found guilty of cheating around 5,400 crypto investors, according to a District Court in Seoul. Despite his appeal being rejected by the High Court, Ko persisted and took the case all the way to the Supreme Court.
**➡️** The latest from Newsis reveals that Ko’s appeal was denied, and the initial 10-year prison sentence was upheld. On top of that, he was slapped with a fine of nearly $1 million. The judge handling the case remarked that the punishment was fair and fitting for the crimes committed. Here’s what the judge had to say:
💬 “Ko’s victims were mainly elderly, vulnerable North Korean defectors, and economically disadvantaged foreigners.”
It’s heartening to see justice being served, especially to those who prey on the vulnerable in the crypto space. Let’s keep rooting for a safer and fairer crypto community! 🌟