South Korean Court Sentences Two for Laundering $1M in Voice Phishing Scheme

South Korean Court Sentences Two for Laundering $1M in Voice Phishing Scheme

First seen 19 Jan 2026, 22:36 UTC •DlnewsKucoin •20.3

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A South Korean court has sentenced the head of an illegal crypto exchange to five years in prison for laundering $1 million through Tether's USDT in a voice phishing scam. An employee of the exchange received a sentence of two years and eight months. The court noted that the defendants did not attempt to compensate the victims, who experienced significant hardship.

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