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 sentenced Delio CEO Mr. Jeong to 15 years in prison for defrauding more than 1,100 investors in a $50 million crypto scheme. Delio, which went bankrupt in November 2024, took bitcoin and ether deposits with promises of high yields before abruptly blocking customer withdrawals in June 2023. Prosecutors had soug…
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