2026-01-17 07:25:04

The Korean court recently issued a second-instance verdict on a cross-border virtual currency scam case. The case was tried by the Jeollabuk-do Court, with the main offender A receiving a prison sentence of 3 years and 6 months, and four recruitment personnel receiving sentences ranging from 1 to 2 years of imprisonment or probation.

This scam gang was active from 2017 to 2019, operating under the guise of "AI automatic trading systems" and "cross-border Bitcoin arbitrage" to conduct illegal activities. The gang members claimed that utilizing artificial intelligence technology could achieve high-yield returns to attract investors. In reality, this was a carefully designed investment trap.

According to the verdict, the case involved over 2,800 fraudulent investor cases, with the involved amount approximately 1.9 million yuan (estimated based on context). Victims were deceived by false technical promises and high-yield claims, ultimately losing all their investments.

This case serves as a reminder to investors: any virtual currency project claiming to guarantee high returns or utilizing AI technology for automated trading should be approached with extreme caution. Legitimate crypto asset investments should be conducted through licensed exchanges. Do not trust promises from unofficial channels. Investment involves risks, and choosing a safe and compliant platform is crucial.

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ProofOfNothing

· 9h ago

AI automated trading system? Laughable, it's always the same spiel to deceive people. --- Another high-yield trap, how many more people need to fall for it? --- 2800 scams, this method is so lousy, how are people still believing it? --- The key is those recruitment personnel, they really do anything for a bit of money. --- What does 1.9 million mean? These victims are so miserable. --- I'm already tired of hearing the term "AI automated trading." Just hearing it makes me want to report it. --- Licensed exchanges are the right path; avoid the others at all costs. --- From 2017 to 2019, it was long overdue to get caught, and the punishment wasn't harsh enough.

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NFTPessimist

· 01-17 07:54

AI automated trading system? Ha, it's the same old trick. Does anyone still believe it? --- 190,000 just gone like that. So sad. That's why I only deal with major exchanges. --- 2800 scams... This gang is really ruthless, draining people completely. --- Every time I see this kind of news, I want to ask, how can so many people still believe in the nonsense of "guaranteed high returns"? --- The Korean court handled it fairly quickly. Cases like this in the country are usually buried deep. --- Basically, greed harms people. There's no such thing as a free lunch. --- Virtual currency is a deep water area. Small investors are really defenseless.

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StakeWhisperer

· 01-17 07:38

AI automated trading, high yield promises, it's the old trick brother. --- 2800 scams? This method is not new in the crypto circle at all. --- 190 million? In this era, how can scam gangs have such small appetites. --- The Korean court has taken action. When can domestic authorities strictly investigate projects that hide behind AI? --- Really, if anyone promises stable high returns, I will report them directly. There's nothing more to say. --- Licensed exchanges are valuable. Remember this screening criterion, and that's enough. --- Bitcoin arbitrage sounds ridiculous, and some people still fall for it. Investors, pay more attention.

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ApeWithAPlan

· 01-17 07:36

AI automated trading system? Wake up, it's the same old trick, how many people have been scammed by this. --- That's why I only use major exchanges; no matter how attractive others seem, I won't touch them. --- A scam amount of 1.9 million is really significant. Hopefully, victims can recover something. --- Whenever you see the words "high yield," you should run immediately. This is my painful lesson. --- This time, the Korean court's ruling was pretty decent; over three years shows they took it seriously.

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