Prosecutor Seeks 10-Month Prison Term for 'Pure Forever Bribery' Issuer
CryptoNewsTerminal Staff18 Sep, 2024
Prosecutor Seeks 10-Month Prison Term for 'Pure Forever Bribery' Issuer
Lee, the CEO of UniNetwork, is charged with bribing Jeong, a fine dust association head, and Park, a former Ministry of the Interior and Safety technical secretary, with the virtual asset PURE. The prosecution believes Lee's actions warrant a 10-month prison sentence. The Securities and Futures Commission (SFC) has previously penalized UniNetwork for violating the Securities and Futures Ordinance and banning it from providing regulated activities for 12 months. This case highlights the ongoing efforts by authorities to combat corruption in the virtual asset industry and ensure compliance with regulations.
