A South Korean court sentenced Delio CEO Jeong Sang-ho to 15 years in prison for defrauding users out of roughly $50 million in cryptocurrency through embezzlement and a false trading license.
La justice sud-coréenne a condamné Jeong Sang-ho, dirigeant de la plateforme crypto Delio, à quinze ans de prison pour une fraude portant sur environ 50 millions de dollars et visant plus de 1 100 clients.
Jeong Sang-ho, CEO of South Korean crypto platform Delio, sentenced to 15 years in prison for defrauding customers out of ~$176 million in crypto, with conviction based on fallback charges due to procedural issues with original evidence.
Prosecutors say Jeong Sang-ho’s “active deceptive acts” left nearly 2,800 investors frozen out of their funds, as South Korea's crackdown on the crypto industry widens.
