Prosecutors Seek 20-Year Sentence for ‘Jonber Kim’ in $247M Crypto Fraud Case

South Korean prosecutors have requested a 20-year prison sentence for a defendant identified by the surname Park, known in crypto circles as "Jonber Kim," in connection with alleged market manipulation involving the POD and ATT tokens. The case centers on fraud valued at approximately 340 billion won (roughly $247 million). Prosecutors are pursuing the maximum penalty available, signaling the severity with which authorities are treating the matter.

The case reflects ongoing enforcement efforts against crypto fraud schemes in South Korea, where token manipulation has become a recurring concern among regulators. The substantial sentencing request underscores prosecutors' view of the defendant's culpability in what appears to be a significant market manipulation and fraud operation.

• Prosecutors requested a 20-year sentence for the defendant in a roughly $247 million token fraud scheme involving POD and ATT tokens.
• The case involves alleged market manipulation in South Korea's cryptocurrency market.
• The heavy sentencing request indicates prosecutors view this as a serious financial crime warranting maximum penalties.