South Korea's Delio platform CEO admits to failing to protect user principal and faces criminal charges
Former CEO of Delio platform Jung Sang-ho admitted in court that users did not receive "principal protection" when transferring assets to the platform. The platform collapsed last year, owing approximately 250 billion won ($181 million) in debt. The prosecution has charged him with fraud, embezzlement of public funds, and violation of trust.
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
Bitget to Adjust CFD Leverage During Special Trading Periods in the First Week of September 2026
New spot margin trading pair — DGAI/USDT!
CandyBomb x TMX: Trade to share 1,150,000 TMX
[Initial listing] Bitget to list TermMax (TMX) in the DeFi zone
Crypto prices
More
