A South Korean drug lord, born in the 2000s, was sentenced to 20 years in prison for laundering millions of dollars using Bitcoin.

According to DL News, a South Korean drug lord born in the 2000s who used cryptocurrency for money laundering and drug trafficking has been sentenced to 20 years in prison and fined $4.2 million by the Ulsan District Court. Three of his accomplices were sentenced to prison terms ranging from 30 months to three years. The court found that the drug lord operated multiple drug sales channels through the Telegram messaging app since March 2020, primarily selling drugs smuggled from Vietnam. His group used international courier services to smuggle drugs and distributed them through "dead drops" (hiding drugs in public places and then notifying buyers to collect them). Transactions, payments, and distribution commissions were all completed using cryptocurrencies such as Bitcoin, and he also used Bitcoin to launder drug money, with the amount involved estimated at $4 million.