Welcome to The Daily Forkast, August 24th 2021. I am Angie Lau, Editor-in-Chief of Forkast.News.
Coming up, a former campaign adviser to South Korea’s current president has been jailed over a crypto scam; The Philippines says Axie Infinity earnings are subject to tax; and trading volume for cryptopunks’ NFTs soars to new heights.
Let’s get you up to speed from Asia to the world.
First up, a South Korean professor has been jailed for two years over a crypto scam that cost victims close to US$20 million.
He was found guilty on fraud charges for falsely promoting an underdeveloped cryptocurrency named “Coal-coin” that he shilled back in 2017.
It’s also been revealed that around that time, the professor was also part of the current South Korean president, Moon Jae-In’s winning presidential campaign.
It’s shaking up the halls of power. Forkast.News Danny Park has more.
Seoul Central District Court revealed on Monday that the…