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Deep Tide TechFlow News, June 10th, according to Digital Asset reports, a South Korean currency exchange trader in his 40s, Mr. A, was sentenced to 2 years in prison by the Seoul Central District Court for involvement in unreported virtual asset transactions related to the Cambodia-based money laundering organization Huifeng Group. He was also ordered to pay 133 million Korean won in confiscation. The court found that Mr. A failed to report to financial authorities between 2022 and 2024, conducting approximately 15.5B Korean won worth of digital assets across 194 transactions; and from 2021 to 2023, engaged in about 2.9B Korean won worth of unregistered foreign exchange business across 135 transactions, including remittances to China. This is the first confirmed guilty verdict by a Korean court regarding digital asset money laundering suspicions related to Huifeng Group.