A South Korean crypto fraudster, Mr. Yang, has been jailed for 7 years for running a $1.5 billion scam. Mr. Yang was the CEO of a South Korean cryptocurrency exchange called V Global, which collapsed in July 2023. Yang and his team raised $1.5 billion from investors by promising them high returns, but never actually invested the money and instead used it to buy luxury goods and fund their own lavish lifestyles. Yang was convicted of fraud and embezzlement in September 2023 and was sentenced to 7 years in prison. This is the latest in a series of crypto scams in South Korea, and the government is taking steps to regulate the industry and prevent future scams. However, investors are still urged to be cautious when investing in cryptocurrencies.
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Mkt Cap $2.29T
BTC Dom 56.75 %
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ETH
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USDT
$0.999337
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BNB
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USDC
$0.999628
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XRP
$1.04
▼ -1.90%
SOL
$73.60
▼ -0.40%
TRX
$0.326742
▲ +0.00%
FIGR_HELOC
$1.04
▲ +1.50%
HYPE
$56.52
▲ +0.80%
DOGE
$0.069541
▼ -0.60%
USDS
$0.999911
▲ +0.00%
RAIN
$0.012735
▲ +1.40%
LEO
$9.76
▲ +0.00%
ZEC
$512.14
▲ +0.90%
ADA
$0.201592
▲ +6.40%
XMR
$368.74
▲ +1.50%
WBT
$56.04
▼ -0.20%
LINK
$8.21
▲ +0.40%
XLM
$0.161751
▼ -0.30%
DAI
$0.999911
▲ +0.00%
BCH
$215.54
▲ +0.30%
USD1
$0.999756
▲ +0.00%
USDE
$0.999628
▲ +0.00%
GRAM
$1.34
▼ -4.00%
Mkt Cap $2.29T
BTC Dom 56.75 %
BTC
$64,788.00
▼ -0.10%
ETH
$1,912.11
▼ -0.10%
USDT
$0.999337
▲ +0.00%
BNB
$589.62
▼ -0.90%
USDC
$0.999628
▲ +0.00%
XRP
$1.04
▼ -1.90%
SOL
$73.60
▼ -0.40%
TRX
$0.326742
▲ +0.00%
FIGR_HELOC
$1.04
▲ +1.50%
HYPE
$56.52
▲ +0.80%
DOGE
$0.069541
▼ -0.60%
USDS
$0.999911
▲ +0.00%
RAIN
$0.012735
▲ +1.40%
LEO
$9.76
▲ +0.00%
ZEC
$512.14
▲ +0.90%
ADA
$0.201592
▲ +6.40%
XMR
$368.74
▲ +1.50%
WBT
$56.04
▼ -0.20%
LINK
$8.21
▲ +0.40%
XLM
$0.161751
▼ -0.30%
DAI
$0.999911
▲ +0.00%
BCH
$215.54
▲ +0.30%
USD1
$0.999756
▲ +0.00%
USDE
$0.999628
▲ +0.00%
GRAM
$1.34
▼ -4.00%
BTC
$64,788.00
▼ -0.10%
ETH
$1,912.11
▼ -0.10%
USDT
$0.999337
▲ +0.00%
BNB
$589.62
▼ -0.90%
USDC
$0.999628
▲ +0.00%
XRP
$1.04
▼ -1.90%
SOL
$73.60
▼ -0.40%
TRX
$0.326742
▲ +0.00%
FIGR_HELOC
$1.04
▲ +1.50%
HYPE
$56.52
▲ +0.80%
DOGE
$0.069541
▼ -0.60%
USDS
$0.999911
▲ +0.00%
RAIN
$0.012735
▲ +1.40%
LEO
$9.76
▲ +0.00%
ZEC
$512.14
▲ +0.90%
ADA
$0.201592
▲ +6.40%
XMR
$368.74
▲ +1.50%
WBT
$56.04
▼ -0.20%
LINK
$8.21
▲ +0.40%
XLM
$0.161751
▼ -0.30%
DAI
$0.999911
▲ +0.00%
BCH
$215.54
▲ +0.30%
USD1
$0.999756
▲ +0.00%
USDE
$0.999628
▲ +0.00%
GRAM
$1.34
▼ -4.00%
Mkt Cap $2.29T
BTC Dom 56.75 %
BTC
$64,788.00
▼ -0.10%
ETH
$1,912.11
▼ -0.10%
USDT
$0.999337
▲ +0.00%
BNB
$589.62
▼ -0.90%
USDC
$0.999628
▲ +0.00%
XRP
$1.04
▼ -1.90%
SOL
$73.60
▼ -0.40%
TRX
$0.326742
▲ +0.00%
FIGR_HELOC
$1.04
▲ +1.50%
HYPE
$56.52
▲ +0.80%
DOGE
$0.069541
▼ -0.60%
USDS
$0.999911
▲ +0.00%
RAIN
$0.012735
▲ +1.40%
LEO
$9.76
▲ +0.00%
ZEC
$512.14
▲ +0.90%
ADA
$0.201592
▲ +6.40%
XMR
$368.74
▲ +1.50%
WBT
$56.04
▼ -0.20%
LINK
$8.21
▲ +0.40%
XLM
$0.161751
▼ -0.30%
DAI
$0.999911
▲ +0.00%
BCH
$215.54
▲ +0.30%
USD1
$0.999756
▲ +0.00%
USDE
$0.999628
▲ +0.00%
GRAM
$1.34
▼ -4.00%
