South Korea sentences Delio CEO to 15 years over crypto deposit fraud

AI Summary A South Korean court has sentenced Delio’s chief executive Jeong Sang-ho to 15 years in prison for virtual-asset deposit fraud. The sentencing comes roughly three years and two months after Delio abruptly froze customer withdrawals in June 2023. How was the operator of Delio punished? The 11th Criminal Division of the Seoul Southern District Court,... fulltext: 353 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/delio-ceo-15-year-sentence-crypto-regulatory/ Source: CryptoPolitan