The Incheon District Court sentenced the masterminds of a $5.4 million South Korean crypto scam to relatively light prison terms, sparking outrage among about 150 victims. The scam involved organized fraud using fake or low-value altcoins, targeting investors between August 2022 and May 2023. Despite prosecutors requesting 4-7 years, the court's lenient approach, including suspended sentences, was justified by claims that many members were coerced or unaware of the full scope of crimes.
