South Korea seeks 20-year sentence for Delio CEO over $169M crypto fraud

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South Korea seeks 20-year sentence for Delio CEO over $169M crypto fraud

Image for the article: South Korea seeks 20-year sentence for Delio CEO over $169M crypto fraud

South Korea seeks 20-year sentence for Delio CEO over $169M crypto fraud

Thu Apr 30 2026

Crime

Cryptocurrency

Fraud

Government

cointelegraph.com

Prosecutors say Jeong Sang-ho’s “active deceptive acts” left nearly 2,800 investors frozen out of their funds, as South Korea's crackdown on the crypto industry widens.