The CEO of bankrupt South Korean crypto lending platform Delio has been sentenced to 15 years in prison after being convicted in a cryptocurrency fraud case involving roughly $50 million and more than 1,100 victims. The executive, identified only by his surname Jeong, received the sentence from the Seoul Southern District Court, according to a Thursday report from South Korean news outlet Newsis. Delio operated a crypto deposit service that accepted assets including Bitcoin (BTC) and Ether (ETH) while offering customers high yields on their holdings. However, the company abruptly suspended… Read more
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