03:01
The South Korean crypto assets exchange Bitsonic representative has been imprisoned again for allegedly defrauding 100 million won.
According to ChainCatcher news and reports from DigitalAsset, a representative of the South Korean crypto assets exchange Bitsonic has been sentenced to 6 months in prison for involvement in a fraud case amounting to 1 billion KRW. Previously, this representative was sentenced to 7 years in prison for another fraud case. This fraud involved inducing trades through false announcements, artificially inflating the volume and market capitalization of Bitsonic Coin (BSC), thereby defrauding clients of a total of 1.6 billion KRW.