Crypto Exchange Bitsonic CEO, Exec Reportedly Face Jail Term
Reportedly, for plundering 10 billion South Korean won ($7.5 million) worth of customer deposits, the CEO of cryptocurrency exchange Bitsonic has received a seven-year prison sentence, the firm’s CTO also received a one-year sentence. The Korean District Court imposed a seven-year prison sentence on Jinwook Shin, according to a February 6 report by the Yonhap […]
Bitsonic CEO and VP Jailed for 10 Billion Won Crypto Fraud
The CEO and vice president of technology of Bitsonic, a South Korean crypto exchange, have been sentenced to prison for orchestrating a massive fraud scheme involving fake trading volumes and customer deposits. The Seoul Eastern District Court has sentenced the CEO and vice president of technology of Bitsonic, a major South Korean crypto exchange, to […]