ChainCatcher reported that according to Yonhap News Agency, the Cheongju District Court in South Korea sentenced a public official of the Cheongju City Government to five years in prison for embezzlement of public funds.

Over a seven-year period starting in January 2017, he embezzled 600 million won ($427,800) to invest in cryptocurrencies and stocks and repay personal debts; he reportedly forged official documents in the plan.