8 South Korean Crypto Exchange Execs Jailed in USD 386m Fraud Wrap

Cryptonews Source: iStock/st_lux A court in South Korea has jailed the head of cryptocurrency exchange Coinup for 16 years, after convicting him of fraud. Eight other executives from the exchange were also given jail time, with the company’s vice president given an 11-year prison term. The Seoul court ruled that Coinup’s CEO, “Cash Kang” (real name Kang Seok-jung), was guilty of cheating hundreds of November 12, 2019 at 09:24AM By Crypto News