Photo: Seoul, SK | Ciaran O’Brien - Unslpash
A media report from last Friday reported that:
Seven executives of South Korean crypto exchange V Global were sentenced to prison for a 2 trillion-won ($1.7 billion) fraud.
According to a report released by coindesk korea:
Former V Global CEO Lee Byung-gul was sent to prison for 22 years and ordered to pay a 106.4 billion-won fine by a court in Suwon.Authorities seized 10 billion won from Lee's account. Another six executives were handed prison sentences of four to 14 years and fines ranging from 2.3 billion won to 106.4 billion won
