South Korea seeks 20-year sentence for Delio CEO over $169M crypto fraud
Burns Brief
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 The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.
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.
Key Takeaways
- 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