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Cryptocurrencies: 30019
Markets: 116446
Market Cap: $2,638,741,265,525     
24h Vol: $46,081,763,477
cryptonews 2023-02-07 10:30:00

South Korean CEO Jailed for ‘Misappropriating’ Partner Firm’s Ethereum Funds

South Korean CEO Jailed for ‘Misappropriating’ Partner Firm’s Ethereum Funds
A South Korean CEO has been sentenced to five years in prison for “misappropriating” $2.4m worth of ethereum (ETH) from a partner company. Per the media outlet Delight, the 43-year-old man, identified only by his surname (Chae), is the head of a “marketing agency” that deals with crypto funds. A branch of the Seoul Northern District Court heard that the company worked with a telecoms and broadcasting firm that is active in the blockchain space.... Read More: South Korean CEO Jailed for ‘Misappropriating’ Partner Firm’s Ethereum Funds
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