[South Korean Man Operating Fake Securities Platform Launders $2.9 Million, Sentenced to 8 Years in Prison] On November 26, the Gwangju District Court in South Korea sentenced a man to 8 years in prison for operating a fake securities trading platform and laundering $4.2 million in illegal proceeds through cryptocurrency. The court stated that the platform defrauded 116 victims, and the man's accomplices used company accounts and private wallets to repeatedly convert $2.9 million from investors into cryptocurrency to complete the money laundering.