A South Korean court has delivered sentences to three individuals who were found guilty of orchestrating a fraudulent investment scheme that defrauded victims of approximately $416,000 (around 610 million Korean won). The defendants were convicted under the Act on the Aggravated Punishment of Specific Economic Crimes. 3 men were sentenced for their role in running an illicit crypto investment operation in Busan between June 2019 and early 2020. 2 were sentenced to three and a half years, while one received a sentence of two and a half years. The court’s decision highlights the increasing scrutiny of cryptocurrency-related crimes by South Korean authorities who are actively enforcing stricter regulations and oversight mechanisms.