In order to settle personal debts, a man agreed to help carry out his friend’s plan to cheat someone else of $300,000.On June 14, the 37-year-old was sentenced to one year and four months’ jail after pleading guilty to one cheating charge.Koh and Phoon Chee Kong, 37, knew each other from cryptocurrency trading, and the victim, 27, became acquainted with Phoon sometime between 2020 and May 2024.
The victim would then either meet Phoon or Koh to hand them the money, and Phoon would transfer the USDT to the victim’s digital wallet. After the pair agreed on the transaction, Phoon called Koh to inform him of the deal, and they decided to cheat the victim.
Cheating CRYPTOCURRENCIES
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