Gate News reports that on March 6, the Gaoyang Branch of the District Court of the Government of Seoul sentenced former police officer A for accepting bribes during an investigation into cryptocurrency scams. He was sentenced to 6 years in prison and fined 100 million Korean won. Between December 2023 and March 2024, A used his position overseeing investigations into cryptocurrency investment “teacher-led trading” scams and token sales fraud at the Seoul Police Agency to accept approximately 120 million Korean won in bribes, including 50 million won in cash and 70 million won in entertainment expenses. Additionally, A was prosecuted for claiming 7.88 million won in allowances through 80 false overtime claims. Legal service personnel B involved in the case was sentenced to 2 years and 6 months in prison, with a 4-year probation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Chainalysis Details 'Shadow Crypto Economy' Exposure as Grinex Suspends Operations
Grinex’s shutdown is intensifying scrutiny of crypto laundering tactics, as fund movements suggest behavior inconsistent with typical enforcement actions. Chainalysis analysis highlights patterns that raise questions about whether the activity aligns with a conventional external hack or
Coinpedia8h ago
SEC Crypto Shift Clarifies Rules Without Blanket Approval
The SEC has adopted a more lenient stance on crypto regulation, allowing some interfaces to operate without broker-dealer registration, but has not given blanket approval for the industry. Recent guidance clarifies how crypto assets are categorized, emphasizing that federal securities laws apply mainly to digital securities. Enforcement activity has decreased as the agency focuses on fraud and market integrity.
CryptoFrontier9h ago
Polish Parliament Fails to Override President's Veto on Crypto Law; PM Alleges Russian Interference
Polish lawmakers failed to override President Nawrocki's veto on a cryptocurrency regulation bill aimed at aligning with EU standards. Tensions rise as accusations emerge of Russian influence in a major crypto exchange amid liquidity issues and lack of regulation.
GateNews12h ago
Hong Kong SFC Investment Committee Warns Prediction Market Trading May Constitute Illegal Gambling
The Hong Kong SFC warns that prediction markets are speculative and not investment products, lacking regulatory protection. They involve gambling elements, potentially making them illegal. The committee urges the public to differentiate between investment and gambling.
GateNews21h ago
Elizabeth Warren Accuses SEC Chair Paul Atkins of Misleading Congress Over Enforcement Decline
Senator Elizabeth Warren accused SEC Chair Paul Atkins of misleading Congress about enforcement actions' decline. With only 456 new cases in 2025, concerns arise regarding the SEC's effectiveness and the regulatory landscape for cryptocurrency and market oversight.
GateNews04-18 00:47
Sanctioned Exchange Grinex Hit by $13.7M Hack; Blames Foreign Intelligence Services
Grinex, a sanctioned crypto-ruble exchange, has halted operations due to a cyberattack that stole over $13.74 million in USDT. The attack is believed to involve state-level actors aiming to destabilize Russia's financial system. Grinex is cooperating with law enforcement but has no timeline for resuming services.
Coinpedia04-18 00:04
