Former CEO of crypto trading platform Bitsonic sentenced to 7 years in prison
According to Cointelegraph, former CEO of the cryptocurrency exchange platform Bitsonic, Jinwook Shin, was sentenced to seven years in prison by the Seoul District Court on February 6th. He was arrested on August 7th, 2023 and charged with fraud, forgery, and tampering with records. The former chief technical officer of Bitsonic was sentenced to one year in prison for stealing $7.5 million (100 billion won) worth of customer deposits.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin could hit $100K ‘within weeks:’ Galaxy
Bitcoin hitting $100,000 is expected by the end of the year, but might happen before the holidays
There’s a $450 billion behemoth forging BTC’s path to $100k
The Crypto-Industrial Complex is always churning, gobbling up coins much faster than they can be mined and sold
Dynamic Music Data NFTs are redefining artist-fan relationships: Here’s how
How to figure out if an AI crypto project is worth investing in
Trending news
MoreCrypto prices
More
