South Korean man sentenced to 6 years for crypto-related robbery

A South Korean man in his 30s has been sentenced to six years in prison for a robbery disguised as a cryptocurrency transaction, Yonhap News reported. According to legal sources on Jan. 20, the Suwon District Court found the man guilty of robbery and causing injury. The man reportedly used a social media chat room to lure a crypto trader by falsely offering to sell 200 million won worth of coins in an in-person deal. He then stole 70 million won (approximately $52,300) in cash from the victim during their meeting in an underground parking lot in Yongin, Gyeonggi Province, before fleeing the scene.