South Korean Court Sends Bogus Crypto Exchange Chiefs to Prison|http://cryptonews.com

In what has been a torrid week for South Korean crypto exchanges, the CEO and the executive director of a legitimate-looking trading platform have been sent to jail for three and two years respectively – after a court found them guilty of duping investors with a bogus exchange.

A branch of the Supreme Court in Seoul convicted the men, surnamed Choi and Park (first names withheld for legal reasons), of running a "fake" cryptoasset trading platform and stealing investors' funds.

The men created a trading platform named Komid, whose website is still online and looks not unlike many above-board South Korean crypto exchange interfaces. However, the site

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