Dogecoin Community Exploration
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Feb / 06
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- Bitsonic CEO Faces 7-Year Prison Time Over 10 Bln Won Fraud
- Feb 06, 2024 at 05:04 pm Coingape News Media
- Bitsonic CEO Sentenced to Seven Years for Fraudulent SchemeThe CEO of Bitsonic, South Korea's major virtual currency exchange, has been sentenced to seven years in prison for manipulating market prices and siphoning customer deposits totaling 10 billion won. The verdict emphasizes the risks associated with crypto exchanges and underscores the need for regulatory oversight in the industry.
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