US EditionTwice Burned: South Korean Crypto Exchange Boss Hit With 2nd Fraud Case
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Twice Burned: South Korean Crypto Exchange Boss Hit With 2nd Fraud Case
Reports have disclosed that Shin Jin-wook, the chief executive of South Korean crypto exchange Bitsonic, has been handed a second prison term for a fresh fraud charge. Based in Daegu, Shin was found guilty of manipulating trading data and misleading customers. He is already serving a seven-year sentence for misappropriating ₩10 billion (about $7.5 million) in deposits, and now faces more jail time over a smaller but still serious scheme. Inflate…
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