Broker Who Paid Tens of Billions of Won for Virtual Asset Listing Released on Bail

An listing broker who bribed former executives of the virtual asset exchange Coinone for virtual asset listing requests was released on bail.

According to the legal community on the 29th, Judge Kim Jeong-gi of the Seoul Southern District Court Criminal Division 7 single judge accepted the bail request filed by the listing broker Go on the 23rd.

The court imposed conditions to guarantee attendance, such as submitting a bail pledge, paying a deposit, and attaching an electronic device, and made a decision to grant bail ex officio to Go.

Go is suspected of giving several hundred million won to former Coinone listing director Jeon and former listing team leader Kim in exchange for cryptocurrency listings.

Previously, Go applied for bail in June but was rejected. The other three defendants who were tried together, Lee, Kim, and another listing broker Hwang, are still in custody and on trial.

A court official explained, "Go, whose detention period was about to expire, confessed, but since the other co-defendants dispute the charges and the issues are interconnected, separate sentencing was not appropriate, so ex officio bail was granted."

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