15-Year Sentence in 'AfreecaTV Coin-gate' Fraud Case
CryptoNewsTerminal Staff29 Aug, 2024
15-Year Sentence in 'AfreecaTV Coin-gate' Fraud Case
Seo, a prominent internet broadcaster and central figure in the 'AfreecaTV Coin-gate' scandal, has been sentenced to 15 years in prison for fraud, according to Money Today. Seo was found guilty of encouraging victims to invest in virtual assets (coins) or business ventures operated by his own company and misappropriating the funds. The sentence serves as a reminder of the potential consequences of fraudulent activities and emphasizes the importance of investor vigilance in the digital asset and business investment landscape.