Delio CEO Jeong Sang-ho sentenced to 15 years for $49 million crypto fraud
60m ago•
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🚨 Delio CEO Jeong Sang-ho sentenced to 15 years over $49 million crypto fraud involving $BTC and $ETH deposits.
⚡ Court excluded key server evidence, narrowing convictions to fallback charges and 1,100 victims.
💰 Jeong registered Delio with false documents and overstated coin assets by $34 million.
🔍 Delio marketed itself as a crypto bank before collapsing and declaring bankruptcy in 2024.
Continue Reading:Delio CEO Jeong Sang-ho sentenced to 15 years for $49 million crypto fraud
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60m ago•
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