South Korea seeks 20-year term for Delio CEO in $169 million crypto case: report
The Block
South Korean prosecutors have requested a 20-year prison sentence for Delio CEO Jeong Sang-ho regarding a $169 million crypto embezzlement case.Summary
South Korean prosecutors have formally requested a 20-year prison sentence for Jeong Sang-ho, the CEO of the crypto deposit service Delio. Jeong is accused of embezzling approximately $169 million in assets from roughly 2,800 customers between August 2021 and June 2023. The prosecution cited deceptive conduct and an uncooperative attitude during the proceedings as key factors for the severe sentencing request. The Seoul Southern District Court is expected to deliver its ruling on July 16.
(Source：The Block)