This cryptocurrency exchange was actually a $384 million Ponzi scheme

This cryptocurrency exchange was actually a $384 million Ponzi scheme

The CEO of South Korean cryptocurrency “exchange” CoinUp has been sentenced to 16 years prison for his role in defrauding investors out of 450 billion won ($384 million), Yonhap News reports. Mr. Kang-mo, alongside a raft of his executives, were found to have…

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