Ex-Executive Of Coinone Accused Of Receiving Bribery Over $1.5 Million

Key Points:

• A former executive of South Korean cryptocurrency exchange Coinone was accused of accepting bribes in exchange for listing certain cryptocurrencies, and he has admitted to the charges.
• The head of Coinone’s listing team and another broker have also been charged, and their next court hearing is on June 15.

According to Yonhap News Agency, a former official of the South Korean cryptocurrency exchange Coinone has acknowledged receiving bribes in return for the listing of certain cryptocurrencies.

According to reports, “Mr. Jeon,” Coinone’s former listing director, was accused of receiving nearly 2 billion won ($1.51 million) in exchange for listing virtual assets such as “Furiever Coin,” which was exclusively listed on the exchange and was later linked to a kidnapping and murder in Gangnam-gu, Seoul.

Mr. Ko, Jeon’s agent, is accused of assisting with the listing. On the 25th of May, their attorneys stated:

“I admit the facts of the prosecution.”

He did, however, add:

“Basically, we are acknowledging the facts of the prosecution, but we will present a final opinion after reviewing the evidence because we have not been able to view all of the evidence.”

Mr. Ko is accused of requesting that a Korean currency be published on Coinone and then sending him the pricing. Mr. Jeon, a Coinone director, is accused of delivering and receiving 1.92 billion won in coins and cash from Mr. Ko and Mr. Hwang in return for listing the currency.

Mr. Kim, the former Coinone team head, and another broker, Mr. Hwang, a lawyer, said that they had not completed evaluating the information and would voice their judgments at a later date. Mr. Kim is accused of taking 1.04 billion won in total, including 600 million won from Ko and 440 million won from Hwang. Mr. Hwang is accused of handing over coins worth 1.59 billion won to Jeon and 440 million won to Mr. Kim in exchange for a coin listing.

They have also been accused, although their attorneys have said that they have not yet finished reviewing the evidence and will answer the allegations at their next court appearance on June 15.

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Harold

Coincu News