<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/arrest-police-crime-prison-jail-imprisonment-man-person2-1.jpg" alt="Delio CEO sentenced to 15 years in prison on crypto fraud in South Korea" class="type:primaryImage"></p><p>More than a year after being indicted on fraud charges related to his activities at crypto company Delio, Jeong Sang-ho faces prison time in South Korea.</p>

Jeong Sang-ho, CEO of the crypto company Delio, has been sentenced to 15 years in prison in South Korea after being indicted on fraud charges related to his activities at the firm. This sentencing comes more than a year after the initial indictment.

Delio CEO sentenced to 15 years in prison on crypto fraud in South Korea

A 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.

A South Korean court has sentenced the head of centralized finance lender Delio to 15 years in prison for embezzling digital assets from over 1,100 customers, resulting in a $50 million scam.

Crypto platform operator gets 15-year prison sentence in South Korea due to $50 million scam

South Korea has sentenced Delio CEO Jeong Sang-ho to 15 years in prison after a Seoul court found him guilty of defrauding customers of about 70 billion won ($49.2 million) in crypto assets. According to local news outlet Newsis, the&#8230;

South Korea has sentenced Delio CEO Jeong Sang-ho to 15 years in prison after a Seoul court found him guilty of defrauding customers of about 70 billion won ($49.2 million) in crypto assets.

South Korea jails Delio CEO for 15 years over $49M crypto fraud

A 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.

The CEO of crypto lender Delio has been sentenced to 15 years in prison for a $49 million fraud scheme. A flawed search of the platform's server host significantly reduced the number of alleged victims from 2,800 to approximately 1,100, impacting the prosecution's case.

CEO of Crypto Lender Delio Gets 15 Years Over $49M Fraud

The sentence is shorter than the 20-year term that prosecutors sought, as the judge acquitted Jeong of a primary charge.

South Korea has sentenced Delio CEO Jeong to 15 years in prison for a $50 million cryptocurrency fraud, which is shorter than the 20-year term sought by prosecutors. The judge acquitted Jeong of a primary charge.

South Korea sentences Delio CEO to 15 years in prison for $50 million crypto fraud: report

تم الحكم على جيونغ سانغ-ho، الرئيس التنفيذي لشركة دليو للعملات المشفرة، بالسجن 15 عامًا في كوريا الجنوبية بتهمة الاحتيال على العملاء بمبلغ يقارب 50 مليون دولار. وجدت المحكمة أنه مذنب في اختلاس الأصول الرقمية من أكثر من 1,100 عميل، مما أثر بشكل كبير على مشهد العملات المشفرة في المنطقة.

Jeong Sang-ho, CEO de la empresa de criptomonedas Delio, ha sido condenado a 15 años de prisión en Corea del Sur por defraudar a clientes por aproximadamente 50 millones de dólares. El tribunal lo encontró culpable de malversar activos digitales de más de 1,100 clientes, impactando significativamente el panorama cripto en la región.

Jeong Sang-ho, PDG de la société crypto Delio, a été condamné à 15 ans de prison en Corée du Sud pour avoir fraudé des clients d'environ 50 millions de dollars. Le tribunal l'a reconnu coupable d'avoir détourné des actifs numériques de plus de 1 100 clients, impactant considérablement le paysage crypto dans la région.