South Korean local news agency NewsisAccording to the news of South Korea’s five largest cryptocurrency Two former employees of Coinone, one of the exchanges, were sentenced to prison for bribery.
Coinone’s former employees were suspended for more than two years starting in 2020. cryptocurrencies He was on trial for accepting bribes in exchange for listing on the platform.
Announcing its verdict, the court sentenced the 41-year-old defendant, former crypto listing head of Coinone, to four years in prison and ordered him to repay 1.93 billion Korean won ($1.43 million) he illegally obtained.
The other defendant was also sentenced to a fine of 883 million won (US$654,000) and 42 months in prison for the same charges.
Seoul Southern District Court judge Kim Jung-gi ruled that the crime in question “a collusion by multiple conspirators, including crypto exchange listing personnel, brokers, token issuers, and market-making companies, to share profits from minting new coins and manipulating market prices.” said that.
*This is not investment advice.
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