DeliO CEO Denies Charges Amid Laundering Allegations
CryptoNewsTerminal Staff11 Jun, 2024
DeliO CEO Denies Charges Amid Laundering Allegations
DeliO's CEO, Jeong Mo, has denied charges at the initial trial hearing related to a 250 billion won coin scam. Jeong faces accusations of unlawfully obtaining virtual asset operator status and embezzling funds through a 'round-tripping' scheme. The case involves the suspension of deposits and withdrawals, further raising concerns.