South Korean Crypto Exchange CEO Jailed For 16 Years

Coinup crypto exchange CEO jailed for 16 years

Senior executives at a South Korean crypto exchange have been indicted in connection with a $386 million investment fraud. The news marks yet another drastic action taken by authorities in the country against cryptocurrency exchanges. Eight Crypto Exchange Execs Indicted for Fraud According to Yonhap News, a court in Seoul on Monday (November 11, 2019) sentenced Kang Seok-jung, CEO of crypto exchange Coinup to 16 years in prison. The court found the crypto exchange chief

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