Crypto platform operator gets 15-year prison sentence in South Korea due to $50 million scam
CoinDesk· Olivier Acuna· Aug 13, 2026 · 1:37 PM
A South Korean court sentenced the head of centralized finance (CeFi) lender Delio to 15 years in prison for embezzling digital assets from more than 1,100 customers.
This is a summary. Read the complete story at CoinDesk below.
Read full article at CoinDeskRelated Stories
cryptoabout 2 hours ago
Revolut ID thefts highlight KYC’s dangers: Here’s how to fix it
Zero-knowledge technology could let companies verify who you are without storing your identity documents. So why isn’t it already standard practice?
Cointelegraph
cryptoabout 3 hours ago
A stolen coin can be returned. A leaked identity cannot.
We keep building the honeypots, and we are about to hand the same architecture to billions of AI agents, writes Evin McMullen, CEO and co-founder of Billions.
CoinDesk
cryptoabout 3 hours ago
Bernstein expects ‘aggressive’ rulemaking from SEC, CFTC, following CLARITY Act failure
Bernstein said the federal agencies will publish new regulations to compensate for the time lost negotiating the CLARITY Act, after its cloture vote failed on Tuesday.
Cointelegraph