The chief executive officer (CEO) of Bitsonic, a major South Korean virtual currency exchange, has been sentenced to seven years in prison for his involvement in a fraudulent scheme totaling approximately 10 billion won. The verdict, handed down by the Seoul Eastern District Court, comes after a trial where the CEO and his vice president of technology were found guilty of manipulating market prices and siphoning customer deposits.

韓國主要虛擬貨幣交易所 Bitsonic 的執行長 (CEO) 因參與總額約 100 億韓元的詐欺計劃而被判處七年監禁。該判決是由首爾東部地區法院做出的，此前該公司執行長及其技術副總裁被判犯有操縱市場價格和吸走客戶存款罪。

Meanwhile, this scandal highlights the risks associated with crypto exchanges and the importance of regulatory oversight in the industry.

同時，這起醜聞凸顯了與加密貨幣交易所相關的風險以及產業監管的重要性。

Bitsonic CEO Faces 7-Year Jail Term For Fraudulent Activities

Bitsonic 執行長因詐欺活動面臨 7 年監禁

The Seoul Eastern District Court Criminal Agreement Division 12, led by Chief Judge Lee Jong-chae, delivered the verdict, sentencing Bitsonic CEO Shin to seven years in prison. Alongside him, Bitsonic’s vice president of technology, Bae, received a one-year prison term.

由首席法官李鍾彩領導的首爾東部地方法院刑事協議第 12 庭做出了判決，判處 Bitsonic 首席執行官申七年有期徒刑。與他一起，Bitsonic 技術副總裁 Bae 也被判處一年徒刑。

Notably, as per the report by the major South Korean news agency, Yonhap News Agency, the court found them guilty of fraud, forgery of records, and obstruction of business by computer, among other charges under the Punishment Act for Specific Economic Crimes.

值得注意的是，根據韓國主要通訊社聯合通訊社的報道，法院根據《特定經濟犯罪處罰法》認定他們犯有欺詐、偽造記錄和電腦妨礙業務等罪名。

The court’s ruling emphasized the exploitation of Bitsonic’s platform to inflate transaction volumes artificially, deceiving users into believing in the exchange’s legitimacy. More than 10 billion won was unlawfully obtained from numerous victims, severely undermining trust in virtual asset exchanges.

法院的裁決強調了利用 Bitsonic 平台人為誇大交易量，欺騙用戶相信交易所的合法性。從眾多受害者那裡非法獲取了超過​​100億韓元的資金，嚴重損害了人們對虛擬資產交易所的信任。

Also Read: Binance Tops CME In Bitcoin Futures, Is Bitcoin ETF Demand Over?

另請閱讀：幣安在比特幣期貨方面領先 CME，比特幣 ETF 需求結束了嗎？

A Closer Look Into The Fraudulent Scheme

仔細調查詐欺計劃

Shin’s trial revealed a sophisticated scheme spanning from January 2019 to May 2021, wherein he manipulated trading volumes using Bitsonic’s funds to inflate the price of Bitsonic Coin (BSC), the exchange’s self-issued cryptocurrency. In addition, false Korean Won points were entered into the Bitsonic system, creating a facade of cash deposits that never occurred.

Shin 的審判揭露了一個從 2019 年 1 月到 2021 年 5 月的複雜計劃，其中他利用 Bitsonic 的資金操縱交易量，以抬高該交易所自行發行的加密貨幣 Bitsonic Coin (BSC) 的價格。此外，假韓元積分被輸入 Bitsonic 系統，造成從未發生過的現金存款假象。

Meanwhile, under the guise of a legitimate operation, Shin exploited his position to defraud 101 coin investors, pocketing their cash and virtual assets amounting to approximately 10 billion won. Besides, Bae was complicit in the scheme, developing and deploying programs to facilitate Shin’s fraudulent activities within the transaction system.

同時，申某以合法經營為幌子，利用職務之便詐騙了101名代幣投資者，將他們的現金和虛擬資產約100億韓元收入囊中。此外，Bae 是該計劃的同謀，開發和部署程序以促進 Shin 在交易系統內的詐欺活動。

Notably, the verdict serves as a stark reminder of the potential pitfalls in the cryptocurrency industry and the imperative for stringent regulations to safeguard investors’ interests. As authorities crack down on fraudulent activities, users are urged to exercise caution and conduct thorough due diligence before engaging with virtual asset exchanges.

值得注意的是，該判決嚴厲提醒人們加密貨幣行業的潛在陷阱以及嚴格監管以保護投資者利益的必要性。隨著當局打擊詐欺活動，用戶在參與虛擬資產交易之前應保持謹慎並進行徹底的盡職調查。

Also Read: Dogecoin Adds 410K New Wallets, DOGE Price To Rebound?

另請閱讀：Dogecoin 新增 41 萬個錢包，DOGE 價格反彈？

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Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam's expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam's journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.

Rupam 是一位經驗豐富的專業人士，在金融市場工作了 3 年，磨練了自己作為細緻的研究分析師和富有洞察力的記者的技能。他在探索金融格局的動態細微差別中找到了樂趣。 Rupam 目前擔任 Coingape 的副編輯，他的專業知識超越了傳統界限。他的貢獻包括突發新聞、深入研究人工智慧相關發展、提供即時加密貨幣市場更新以及呈現富有洞察力的經濟新聞。魯帕姆的旅程的特點是熱衷於解開金融的複雜性並提供能引起不同受眾共鳴的有影響力的故事。

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

所呈現的內容可能包含作者的個人意見，並受市場狀況的影響。在投資加密貨幣之前先進行市場研究。作者或出版物對您的個人財務損失不承擔任何責任。