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Home›Crypto›Regulation›South Korea sentences Delio CEO to 15 years in crypto…

South Korea sentences Delio CEO to 15 years in crypto fraud case

The judge acquitted the CEO of a primary charge, resulting in a 15-year term rather than the 20 years prosecutors sought.

Reported · Written up by our desk · Regulation

South Korea has sentenced Delio’s chief executive to 15 years in prison over a $50 million cryptocurrency fraud case, according to The Block.

The outlet reported that prosecutors had sought a 20-year term, but the judge handed down the shorter sentence.

The Block said the sentencing outcome reflected the court’s decision to acquit the CEO of a primary charge.

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Sources

The BlockSouth Korea sentences Delio CEO to 15 years in prison for $50 million crypto fraud: report

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