Crypto Exchange Bitsonic CEO Sentenced to 7 Years for $8.4 Million Fraud and Market Manipulation
The CEO of Bitsonic, a cryptocurrency exchange, has been sentenced to seven years in prison. The Seoul Eastern District Court found the executive guilty of inflating the market value and trading volume of a coin issued by the exchange and embezzling approximately 10 billion won (about $8.4 million USD) in customer deposits. This case marks … Continue reading Crypto Exchange Bitsonic CEO Sentenced to 7 Years for $8.4 Million Fraud and Market Manipulation