#Delio

Prosecutors Sought 20 Years, Court Gave 15: South Korea's Delio CEO Crypto Fraud Case Not Fully Upheld

A South Korean court has sentenced Delio CEO Jeong to 15 years in prison over a $50 million crypto fraud case, five years short of the 20-year sentence prosecutors had sought. The gap came down to one key charge the judge dismissed.

Blockchain

Withdrawals Frozen Overnight: Delio CEO Gets 15 Years in $50 Million Fraud Case

A South Korean court has found Delio CEO Jeong guilty of defrauding more than 1,100 investors and embezzling roughly 70 billion won in crypto assets, though prosecutors had sought a 20-year sentence and some evidence was excluded due to procedural flaws.