South Korea Dismantles $24 Million Bitcoin Pyramid Scheme

A South Korean court has fined two individuals found guilty of operating a bitcoin pyramid scheme that amassed over 26 billion won, approx. $24 million, from investors. In a ruling on April 19, Judge Hwang Jin-jin of the Incheon District Court in Korea issued sentences in fines of $15 million and $8 million for two … Continued
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