A South Korean court sentenced the head of centralized finance (CeFi) lender Delio to 15 years in prison for embezzling digital assets from more than 1,100 customers.
- A South Korean court sentenced Delio CEO Mr. Jeong to 15 years in prison for defrauding more than 1,100 investors in a $50 million crypto scheme.
- Delio, which went bankrupt in November 2024, took bitcoin and ether deposits with promises of high yields before abruptly blocking customer withdrawals in June 2023.
- Prosecutors had sought a 20-year term and alleged 2,800 victims, but the court excluded some evidence on procedural grounds, and the case adds to a string of major crypto fraud prosecutions in South Korea.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
BlackRock offers a glimpse of how tokenization may change your investment portfolio
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
Cathie Wood says smart investors need to start watching where AI agents spend money
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