According to Edaily, the Seoul Northern District Court in South Korea has sentenced two masterminds of a cryptocurrency scam to 14 years in prison each. The group issued and sold nearly 30 tokens using fake whitepapers and business plans. For some projects that failed to get listed on overseas exchanges, they didn’t actually distribute tokens to investors but instead forged account records in the app and manipulated prices through wash trading. Investigators estimated the total funds raised from token sales to be approximately $68.1 million. Prosecutors had sought to recover about $17.3 million, but the court did not approve the request due to difficulties in distinguishing the actual earnings of each defendant. https://(wublock123.com)/news/korea-crypto-scam-kingpin-sentenced-14-years-6810m-revenue-68266