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Delio’s Jeong Sang-ho Handed 15-Year Sentence Over 70B Won Crypto Scandal
Aug 16, 2026
< 1 min read
by Chayanika Deka
for CryptoPotato
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South Korea’s Seoul Southern District Court has sentenced Delio CEO Jeong Sang-ho to 15 years in prison after finding him guilty of fraud involving nearly 70 billion Korean won ($49.2 million) in customer crypto assets. The 11th Criminal Division, presided over by Judge Jang Chan, handed down the sentence on August 13.
The court also ordered Sang-ho to be detained due to concerns that he could flee.
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