South Korean Crypto Exchange Bitsonic CEO Faces Second Jail Term Over Fraud

The CEO of South Korean crypto exchange Bitsonic has been sentenced to a second jail term for another fraud charge. CEO Shin Jin-wook already faces a 7-year sentence in prison for stealing 10 billion won ($7.5 million) worth of customer deposits.

South Korean media outlet Digital Asset reported that a Daegu District Court judge sentenced Shin for his alleged involvement in Bitsonic Coin (BSC) fraud.