South Korea's online betting market has seen a decline in fraudulent activities with the launch of reputable foreign betting sites such as WEGO88, which support Korean currency deposits and withdrawals. However, the legality of these foreign betting sites supporting Korean currency deposits is under scrutiny.

These sites are illegal due to the use of "straw bank accounts". Despite being licensed and transparent betting companies abroad, their operations in Korea are considered illegal.

The risk of using foreign betting sites is 200% less than private ones, as they are protected by local laws and licensing authorities. However, there is a risk of detection during the process of cashing out profits. Depending on the payment method used during play, users can either be acquitted or receive the same punishment as private betting sites.

Using cryptocurrencies like Bitcoin can potentially lead to acquittal. The argument is that there are laws regarding overseas gambling, but no laws regarding overseas online casinos. Cryptocurrencies are international payment platforms outside the system, and unlike Korean currency issued by the Bank of Korea, the government does not own cryptocurrencies, so there is no logical basis for punishment.

In conclusion, while there are no confirmed cases yet, the crackdown and punishment level on online betting is increasing due to the issue of youth gambling. It is recommended to use foreign betting sites with legal boundaries to avoid potential punishment. However, the best method is to enjoy legal betting without greed. Regardless of the legality of foreign betting sites, it is illegal for minors to use them.