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South Korean Woman Receives Two-Year Jail Sentence for Stealing Boyfriend's Crypto

South Korean Woman Receives Two-Year Jail Sentence for Stealing Boyfriend's Crypto

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by Giorgi Kostiuk

7 hours ago


In South Korea, a woman has been sentenced to two years in prison for stealing digital assets worth about $500,000 from her boyfriend.

Circumstances of the Crime

According to authorities, the incident took place at 11:50 PM on January 5 at her boyfriend’s house in Jeju City. The woman memorized her partner's login credentials with the intention of accessing his account while he was sleeping. She used his phone to transfer funds to her personal accounts via banking apps.

Verdict and Court Reactions

During the trial, the woman admitted to the crime and stated that she had returned most of the stolen funds, owing around 21.9 million won (about $15,000). However, the court denied her plea for leniency due to her history as a repeat offender and the substantial amount still owed. The judge noted her previous fraud convictions and stated that she did not deserve a second chance.

Rising Incidence of Crypto-Related Crimes

Media reports highlight that this case is part of a growing trend of crypto-related crimes in South Korea and worldwide. Several incidents of theft and violence tied to cryptocurrency trading have been reported this month in Jeju.

This woman's conviction underscores the alarming rise of crimes associated with digital assets and the need for stringent regulations in this sector.

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