Broker Who Took Bribes for 'Coin Listing' Also Sentenced to Prison in Second Trial

A broker who was prosecuted for handing over hundreds of millions of won in bribes in exchange for listing cryptocurrencies was sentenced to prison again in the appellate court.

On the 18th, the Criminal Appeals Division 1 of the Seoul Southern District Court (Chief Judge Maeng Hyun-moo) sentenced broker Go (44), who was indicted on charges of breach of trust mediation, to 1 year and 6 months in prison, the same as the first trial.

The court stated, "This crime cannot be seen as one party among the co-defendants passively or reluctantly participating in the crime at the request of the other, but rather the mediator and the recipient had a mutual interest and actively committed the crime for their own benefit," adding, "Considering the public nature of the coin exchange listing business, breach of trust mediation related to this must be strictly punished."

It further added, "Considering all sentencing factors, the original sentence does not appear to have exceeded the discretionary range."

Go is accused of requesting listings related to domestic coins for about 2 years and 8 months from 2020, handing over coins and cash worth 710 million won as fees to former Coinone listing director Jeon and listing team leader Kim. The first trial court sentenced Go to 1 year and 6 months in prison in September last year.

Jeon and Kim were sentenced in the first trial to 4 years in prison with a fine of 1.94 billion won and 3 years and 6 months in prison with a fine of 810 million won, respectively, for receiving money and valuables from Go and another broker Hwang.

This content was produced with the assistance of AI translation services.