Aha Group Executives Sentenced for Crypto Scam Involving 46.8 Billion Won

The Changwon branch of the Busan High Court has sentenced Aha Group executives to 12-year and 9-year prison terms for their involvement in a cryptocurrency investment scam. According to NS3.AI, the scam raised approximately 46.8 billion won from 2,138 victims. The court found that the group had organized an unregistered multi-level marketing network starting in 2016. The appeals court slightly reduced the sentences from the first trial but upheld the convictions and emphasized the severity of the fraud.