A Libyan national who led an illegal cryptocurrency transfer scheme worth 94 billion won ($62 million) faces removal from Korea after a court upheld an order requiring him to leave the country.

According to legal sources Tuesday, the Daejeon District Court recently ruled against the man, who had filed an administrative lawsuit against immigration authorities over the order issued last year in connection with crypto-related financial crimes.

The court rejected his claim that he should be allowed to stay because his business had contributed to Korea’s economy and because his spouse and seven children live in the country. He came to Korea in 2009.

“The…