South Korea sentences Delio CEO to 15 years in prison for $50 million crypto fraud: report

First reported August 13, 2026 by The Block · covered by 4 sources

South Korea sentences Delio CEO to 15 years in prison for $50 million crypto fraud: report

The sentence is shorter than the 20-year term that prosecutors sought, as the judge acquitted Jeong of a primary charge.

South Korea

Aug 13, 2026 · byThe Block

CEO of Crypto Lender Delio Gets 15 Years Over $49M Fraud

A botched search of the platform's server host cost prosecutors the bulk of their case, cutting it from 2,800 alleged victims to about 1,100.

Aug 13, 2026 · byDecrypt

South Korea jails Delio CEO for 15 years over $49M crypto fraud

South Korea has sentenced Delio CEO Jeong Sang-ho to 15 years in prison after a Seoul court found him guilty of defrauding customers of about 70 billion won ($49.2 million) in crypto assets. According to local news outlet Newsis, the…

SeoulSouth Korea

Aug 13, 2026 · byCrypto.news

Delio CEO sentenced to 15 years in prison on crypto fraud in South Korea

More than a year after being indicted on fraud charges related to his activities at crypto company Delio, Jeong Sang-ho faces prison time in South Korea.

South Korea

Aug 13, 2026 · byCointelegraph