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A high-profile case is unfolding in South Korea surrounding the crypto service Delio 
Prosecutors are demanding a 20-year prison sentence for its founder, Jeong Sang-ho.
According to investigators, the case involves the theft of approximately $168 million from users.
Approximately 2,800 platform clients
are believed to have been affected.
The service lured users with promises of high returns—up to 10.7% per annum
on investments in BTC, ETH, and USDT.
However, in the summer of 2023, Delio abruptly halted withdrawals
️, citing market instability.
Investigators allege that the company's management misled clients
️ by concealing real financial problems and continuing to attract new investments.
Additional claims stem from the defendant's failure to take sufficient steps to minimize damage to investors, according to the prosecutor's office.
The defense has made a different claim: if acquitted, Jeong Sang-ho intends to compensate clients for their losses.
.
The court's final decision is expected on July 16.
Prosecutors are demanding a 20-year prison sentence for its founder, Jeong Sang-ho.
According to investigators, the case involves the theft of approximately $168 million from users.
Approximately 2,800 platform clients
are believed to have been affected.The service lured users with promises of high returns—up to 10.7% per annum
on investments in BTC, ETH, and USDT.However, in the summer of 2023, Delio abruptly halted withdrawals
️, citing market instability.Investigators allege that the company's management misled clients
️ by concealing real financial problems and continuing to attract new investments.Additional claims stem from the defendant's failure to take sufficient steps to minimize damage to investors, according to the prosecutor's office.
The defense has made a different claim: if acquitted, Jeong Sang-ho intends to compensate clients for their losses.
. The court's final decision is expected on July 16.
