South Korea's Delio platform CEO admits to failing to protect user principal and faces criminal charges
Former CEO of Delio platform Jung Sang-ho admitted in court that users did not receive "principal protection" when transferring assets to the platform. The platform collapsed last year, owing approximately 250 billion won ($181 million) in debt. The prosecution has charged him with fraud, embezzlement of public funds, and violation of trust.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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