Delio took bitcoin and ether deposits, paid 12 to 15% a year, and called itself a crypto bank. On June 14, 2023 it froze withdrawals overnight. It was declared insolvent in November 2024. On August 13, the Seoul Southern District Court sentenced CEO Jeong Sang-ho to 15 years and detained him on the spot over flight risk. Prosecutors had asked for 20. Here is what actually happened in that courtroom. The original indictment covered about 2,800 victims and 245 billion won, roughly $175 million. Th
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