The start of the ban is considered to be April 2021, meaning that both players won’t be cleared to return to competition until April 2024.
The incident occurred during a Resurgence vs BlackBird Ignis match during the Valorant Ignition Series on 22 September 2020.
The subsequent investigation into match-fixing allegations found that both Resurgence players conspired to bet against their own team, with Chung concocting the plan and Tan providing the funds.
Chung informed the rest of the team about the wager, although they refused to throw the match.
After Resurgence lost the match 2-0, Chung unsuccessfully attempted to pay off his teammates. The group disbanded shortly after.
A statement from Valorant said: “Maintaining the competitive integrity of our tournaments is our top priority and we take such matters extremely seriously.
“All players are expected to abide by the rules of fair play, agreed upon prior to participation in the tournaments. Violations of the rules of fair play will not be tolerated by Valorant Esports.”