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Coin Up Executives Earn Prison Sentences for Running Alleged Ponzi Scheme

It seems like Ponzi schemes and fraud are a recurring event in the cryptocurrency space, and one exchange in South Korea known as Coin Up is the latest venture to allegedly try its hand at stealing people’s crypto.Coin Up: A Wolf In Sheep’s ClothingThe CEO of Coin Up, as well as several additional executives who worked with the company, have been found guilty in a Korean court of defrauding users out of nearly $385 million in digital currency funds. All those tried have been given sentences...

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