According to Golden Finance, a South Korean online anchor was sentenced to a heavy sentence for crypto asset fraud. On the 30th, the Seoul Eastern District Court sentenced Xu to 15 years in prison. Xu was accused of recommending victims to invest in crypto assets (tokens) or related businesses issued by his company and embezzling investment funds. In addition, Xu was also accused of embezzling more than 11 billion won (about 8.23 ​​million US dollars) and using company account funds to purchase virtual gifts on AfreecaTV. The court determined that Xu had no intention of fulfilling his promise from the beginning and used the investment funds to repay personal debts.