US EditionBitsonic’s CEO Receives an Additional 6-Month Sentence Due to Crypto Fraud
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Bitsonic’s CEO receives an additional 6-month sentence due to crypto fraud
Bitsonic’s CEO has bagged an extra six months in prison on top of his seven-year sentence handed down to him in 2024. The exchange executive ran afoul of South Korean authorities’ crackdown on fraudulent activity in the cryptocurrency industry. Shin, the CEO of South Korean virtual asset exchange Bitsonic, who is already serving a 7-year sentence that was handed down in October of 2024, received an additional six-month prison sentence for a sepa…
The Daegu District Court in South Korea has increased the prison term of Shin Jinwook, the CEO of collapsed local crypto exchange Bitsonic, adding six months to his previously sentenced seven years.
Bitsonic CEO imprisoned a second time for over $70k fraud charge – how far do his crime go?
The CEO of South Korean exchange Bitsonic, Shin Jinwook, has received an extension to his seven-year prison sentence after authorities found evidence of fraud amounting to at least 100 million won or $72,000. On August 5, Judge Seong Gi-jun of…
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