South Korea sentences Bitsonic execs in $7.5M crypto fraud case

In a significant development within the South Korean cryptocurrency sector, the Seoul District Court has handed down sentences to two executives of the Bitsonic cryptocurrency exchange for their roles in a fraud scheme that resulted in a $7.5 million loss for investors. Bitsonic’s CEO, Jinwook Shin, received a seven-year prison term, while the vice president […] source: https://www.cryptopolitan.com/south-korea-sentences-bitsonic-execs-in-7-5m/