DeliO CEO Denies Charges Amid Laundering Allegations

IconCryptoNewsTerminal Staff11 Jun, 2024

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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.