$1.51M Bribery Scandal Rocks Coinone Cryptocurrency Exchange

$1.51M Bribery Scandal Rocks Coinone Cryptocurrency Exchange


A former executive of South Korean cryptocurrency exchange Coinone admits to taking bribes for listing certain coins, according to local news agency Yonhap.

A lawyer for the accused reportedly stated he admits โ€œthe facts of the prosecution,โ€ withinย a May 25 trial hearing.

A previous executive of South Korean digitalย currency exchange Coinone, who was accused of taking bribes in return toย beย listed certain coins, has acknowledged the charges, local news agency Yonhap informed on Thursday.

โ€œMr Jeon,โ€ Coinoneโ€™s previous director of listing, was accused of receiving nearly 2 Billion won ($1.51 million) in return toย beย listed virtual assets such as โ€œFuriever Coin,โ€ which was listed exclusively on the exchange, and has since been linked to a kidnapping and murder investigation in the Gangnam district in Seoul. Jeonโ€™s broker, known as โ€œMr Ko,โ€ is accused of facilitating the listings.

READ NOW
Tether (USDT) Takes Over: Dominates Stablecoin Market with 65.89% Share

At a trial hearing on May 25, a lawyer for the two reportedly stated: โ€œI admit the facts of the prosecution.โ€

โ€œBasically, we are acknowledging the facts of the prosecution, but since we have not been able to view all the evidence, we will present a final opinion after review,โ€ the lawyer added.

Coinoneโ€™s listing team leader and another broker have likewise been accused, but their lawyers stated they have isย still to finish reviewing evidence and will respond to the charges at theย following trial hearing on June 15.

Coinone didnโ€™t instantly respond to a CoinDesk request for comment.

Sandali Handagama.

Source

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.




Follow us

Latest Crypto News

Share via
Share via
Send this to a friend