Hold onto your wallets, folks! A South Korean court just dropped the hammer on a trio of “crypto geniuses” who thought they could get away with a Ponzi scheme that promised investors a 30% monthly return. Because, you know, that’s totally normal in the world of cryptos. 🙄
According to the Chosun Ilbo, the Busan District Court, led by the no-nonsense Presiding Judge Kim Yong-gyun, was like, “Nuh-uh, not on my watch!” and locked up the ringleader, Mr. A (CEO of “We’re Definitely Not Scammers, Inc.”), for 4.5 years. His two minions got a cozy 3.5 and 2.5 years respectively. #PrisonPlaylist
These “visionaries” set up shop in Busan in 2019, boasting about their magical ability to pick 1,000 super-duper virtual currencies from around the world. They must have thought investors were born yesterday, promising a 30% monthly return like it was no big deal. Spoiler alert: they just took the money and ran. 🏃💨💸
The court was not impressed with their “ingenious” plan to exploit people’s crypto cluelessness. Judge Kim was like, “Nice try, Mr. A, but your ‘very poor’ crime skills are going to cost you.” 🎩👀
Looks like South Korea’s crypto scene is getting spicy with fraud cases popping up left and right. Who knew investing in digital coins could be such a wild ride? 🎢💰
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2025-03-31 09:07