News Explorer — Coinone Exec Admits to 'Facts' of Bribery Charges in South Korea Corruption Trial

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Coinone Exec Admits to 'Facts' of Bribery Charges in South Korea Corruption Trial

The former director of prominent South Korean crypto exchange Coinone has admitted to “the facts” of the charges that prosecutors outlined in South Korean court on Thursday. This high-profile case involves the arrest of four executives accused of taking hefty bribes for token listings, including the Coinone director of listing, Mr. Jeon, who is accused of accepting over 2 billion won ($1.5 million). A lawyer representing them both told the court that they are acknowledging the facts of the prosecution, but will present a final opinion after review.