WorldPingA South Korean court sentenced Delio CEO Jeong Sang-ho to 15 years in prison for misusing roughly $49.2 million in customer cryptocurrency assets and using false documents to secure a regulatory registration.
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WorldPingThe sentence is shorter than the 20-year term that prosecutors sought, as the judge acquitted Jeong of a primary charge.
Brief by WorldPing · Original reporting by The Block
WorldPingA botched search of the platform's server host cost prosecutors the bulk of their case, cutting it from 2,800 alleged victims to about 1,100.
Brief by WorldPing · Original reporting by Decrypt
WorldPingA South Korean court sentenced the head of centralized finance (CeFi) lender Delio to 15 years in prison for embezzling digital assets from more than 1,100 customers.
Brief by WorldPing · Original reporting by CoinDesk
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Brief by WorldPing · Original reporting by CoinDesk
WorldPingThe institutional crypto liquidity provider is bringing on the former Schroders Wealth Management Asia chairman as it targets family offices and asset managers across the region.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingAn FCA employee bought crypto from a UK IP address using a driving license as ID, according to the regulator's claim.
Brief by WorldPing · Original reporting by Decrypt
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