Former Coinone Director Arrested and Indicted for Taking Bribes for Coin Listings
Received Approximately 1.9 Billion Won for Facilitating Listing of Specific Cryptocurrency
A former director of the virtual asset exchange Coinone, who received money along with a request to list a cryptocurrency, has been indicted while in custody.
The Financial Investigation Division 1 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Lee Seung-hyung) announced on the 7th that former Coinone director Jeon was indicted on charges of embezzlement and bribery while in custody.
Jeon is accused of working as a listing officer at Coinone from 2020 to 2021 and receiving about 1.9 billion KRW from listing brokers Go and Hwang in exchange for facilitating the listing of certain cryptocurrencies.
Earlier, the prosecution had indicted Go on the 7th of last month on charges of embezzlement mediation and placed him in custody. After an initial warrant for Jeon was dismissed, additional investigations were conducted, and a detention warrant was issued on the 21st of last month.
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The prosecution also requested detention warrants on the 5th for former Coinone listing team leader Kim and the other listing broker Hwang. The pre-trial detention hearing is scheduled for the morning of the 10th.
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