The post South Korea Court Sentences Man to 8 Years for Operating Fake Securities Platform and Laundering $4.2 Million Through Cryptocurrency appeared on BitcoinEthereumNews.com. A South Korean court handed a eight-year prison sentence to the operator of a fake securities trading platform who laundered roughly $4.2 million of illicit proceeds through cryptocurrency. In the Gwangju District Court, the defendant replicated the logo and data of a well-known securities firm to boost credibility, with the scheme affecting 116 victims. An accomplice, aged in his early 40s, aided in moving about $2.9 million into cryptocurrency via company accounts and private wallets to complete the laundering cycle, illustrating a coordinated money laundering operation tied to investor funds. This case highlights the rising crypto crime trend. FBI data show cryptocurrency investment scams exceeding $5.8 billion in losses in 2024, while DeFiLlama reports over $2.4 billion stolen through hacks in 2025, with rug-pull incidents totaling around $4 billion in 2024, per industry trackers. Source: https://en.coinotag.com/breakingnews/south-korea-court-sentences-man-to-8-years-for-operating-fake-securities-platform-and-laundering-4-2-million-through-cryptocurrencyThe post South Korea Court Sentences Man to 8 Years for Operating Fake Securities Platform and Laundering $4.2 Million Through Cryptocurrency appeared on BitcoinEthereumNews.com. A South Korean court handed a eight-year prison sentence to the operator of a fake securities trading platform who laundered roughly $4.2 million of illicit proceeds through cryptocurrency. In the Gwangju District Court, the defendant replicated the logo and data of a well-known securities firm to boost credibility, with the scheme affecting 116 victims. An accomplice, aged in his early 40s, aided in moving about $2.9 million into cryptocurrency via company accounts and private wallets to complete the laundering cycle, illustrating a coordinated money laundering operation tied to investor funds. This case highlights the rising crypto crime trend. FBI data show cryptocurrency investment scams exceeding $5.8 billion in losses in 2024, while DeFiLlama reports over $2.4 billion stolen through hacks in 2025, with rug-pull incidents totaling around $4 billion in 2024, per industry trackers. Source: https://en.coinotag.com/breakingnews/south-korea-court-sentences-man-to-8-years-for-operating-fake-securities-platform-and-laundering-4-2-million-through-cryptocurrency

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more