Bitsonic’s CEO receives an additional 6-month sentence due to crypto fraud

2025-08-05 10:50:12

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Bitsonic’s CEO has bagged an extra six months in prison on top of his seven-year sentence handed down to him in 2024. The exchange executive ran afoul of South Korean authorities’ crackdown on fraudulent activity in the cryptocurrency industry. Shin, the CEO of South Korean virtual asset exchange Bitsonic, who is already serving a 7-year sentence that was handed down in October of 2024, received an additional six-month prison sentence for a separate case of cryptocurrency fraud. Bitsonic’s CEO r...

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