South Korea Warns Crypto Scammers About Possible Life Sentence If Losses Hit 4 Million

What happens if it’s 3.99 million

Anik said:
What happens if it’s 3.99 million

Life minus 1 day

Zach said:

Anik said:
What happens if it’s 3.99 million

Life minus 1 day

I might need to call Saul on this one

Nolan said:

Zach said:
Anik said:
What happens if it’s 3.99 million

Life minus 1 day

I might need to call Saul on this one

Good choice :+1:

Zach said:

Anik said:
What happens if it’s 3.99 million

Life minus 1 day

That’s even crueler than a life sentence, like getting released one day before you die

Kris said:

Zach said:
Anik said:
What happens if it’s 3.99 million

Life minus 1 day

That’s even crueler than a life sentence, like getting released one day before you die

How do you make sure they die right after being released

@Stormy
That might need some human intervention to make it happen

@Stormy
If he doesn’t die the next day, someone has to take care of it

zabin said:
@Stormy
If he doesn’t die the next day, someone has to take care of it

Thanks for volunteering. Username checks out

Anik said:
What happens if it’s 3.99 million

gif

Anik said:
What happens if it’s 3.99 million

Then, no

South Korea’s financial regulator has said that life sentences could be given for crypto scams over 4 million. This comes after the Virtual Asset Users Protection Act was made in July 2024 to fight crypto crime. The law was partly influenced by the failures of Terraform Labs and FTX, which caused big financial losses. The act includes fines and prison time, and requires crypto service providers to keep 80% of customer funds safe. The regulator is serious about stopping illegal transactions.

@Cedar
At least somewhere has good crypto rules

Other countries should look to South Korea

Cal said:
Other countries should look to South Korea

That’s the real crypto center

Cal said:
Other countries should look to South Korea

It should really be 50k, not 4 million

Cal said:
Other countries should look to South Korea

Sadly in places like the US, connections can just let you buy your way out of jail. Caroline from FTX got only two years for scamming billions

DK is probably worried now

Alright, $3,999,999.99 it is then