Tag: Bitsonic

Shin Jinwook, the CEO of defunct South Korean crypto exchange Bitsonic, has received an extension to his existing seven-year prison sentence after being found guilty of additional fraud amounting to at least 100 million won (approximately $72,000) as reported by Digital Assets. Judge Seong Gi-jun of the 1st Criminal Division ...

South Korean authorities have arrested Bitsonic CEO Jinwook Shin on charges of embezzling investments and deposits belonging to the exchange users. This arrest follows an extensive investigation that has unveiled a web of manipulative practices within the exchange. According to a report by South Korean news outlet Chosun Biz, Shin ...