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Delio's Jeong Sang-ho Gets 15-Year Sentence in $70B Crypto Scandal
August 16, 2026•07:35 PM
Delio CEO Jeong Sang-ho has been sentenced to 15 years in prison for his role in a massive cryptocurrency fraud scandal involving 70 billion won. The sentence, less than the 20 years initially sought by South Korean prosecutors, marks a significant development in the fight against financial crimes in the cryptocurrency sector in South Korea. This case represents one of the largest cryptocurrency scandals in South Korean history, highlighting regulatory risks and governance challenges in the crypto industry. Jeong Sang-ho's conviction could influence future judicial decisions and regulatory policies in the country, which has been one of the most active cryptocurrency markets globally.
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