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

Generated by AI, curated by humans

May 26, 6:11 pm

Protos

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.

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.

Latest

Mar 31, 9:07 pm

Decrypt

Crypto Startup Apologizes for Using Polymarket to Bet on Fundraising, Catching Backers Off Guard

P2P.me, backed by Coinbase Ventures and Multicoin Capital, apologized for using Polymarket to speculate on its fundraisi... Read Summary

Mar 31, 9:06 pm

Decrypt

Magic Eden Wallet Users Urged to Export Assets Before App Is Removed From Stores

Magic Eden users must export their wallets or transfer contents to avoid losing access to funds as the wallet transition... Read Summary

Mar 31, 8:12 pm

Decrypt

Mercado Libre Pulls the Plug on Its Ethereum-Based Token

Mercado Libre quietly discontinued its ERC-20 loyalty token, Mercado Coin, after four years, offering users options to s... Read Summary

Mar 31, 8:03 pm

Decrypt

Zcash Vulnerability Fixed Before Millions of Dollars in ZEC Could Be Swiped

A critical vulnerability in Zcash nodes could have allowed malicious miners to drain over 25,000 ZEC from the network's... Read Summary

Mar 31, 7:00 pm

DL News

Why XRP Has Crashed 60% From Its All-Time High: Analysts

XRP exchange-traded funds have been trading actively despite the cryptocurrency's price decline. Ripple's legal settleme... Read Summary

Mar 31, 6:35 pm

Decrypt

Tether's USAT Stablecoin Expanding to Celo Blockchain

Tether's USAT stablecoin has expanded to the Celo blockchain, offering regulated digital dollar infrastructure beyond Et... Read Summary

Mar 31, 5:59 pm

DL News

Lido Token Bounces Back From All-Time Low Amid $20 Million Buyback Plan

The Lido DAO is considering a buyback proposal to address the plummeting price of its token, LDO, which hit an all-time... Read Summary

Mar 31, 5:41 pm

Decrypt

Stablecoin Velocity Has Doubled, But Standard Chartered Still Sees $2 Trillion Market Cap in 2028

Standard Chartered has observed a doubling in stablecoin velocity over the past two years, prompting a reevaluation of i... Read Summary

Mar 31, 4:21 pm

Coindesk

Cardano Founder Charles Hoskinson Says US Crypto Legislation Could Take 15 Years to Implement

Charles Hoskinson warns that the proposed U.S. crypto legislation may take over a decade to implement, potentially disad... Read Summary

Mar 31, 4:31 pm

Decrypt

Benchmark Gives BlackRock-Backed Securitize a 'Buy' Ahead of Upcoming Merger

Benchmark analysts initiated coverage of Cantor Equity Partners II, giving a "Buy" rating due to its upcoming merger wit... Read Summary

Mar 31, 3:25 pm

Decrypt

Nakamoto Holdings Sold Bitcoin to Boost Finances, Leading to New Stock Low

Nakamoto Holdings sold $20 million worth of Bitcoin to enhance its financial position, resulting in a stock drop Tuesday... Read Summary

Mar 31, 1:54 pm

Protos

XRP Influencers Misled Followers About American Express Deal That Doesn't Exist: Report

XRP influencers hyped a non-existent partnership between American Express (AmEx) and XRP, despite AmEx's recent NFL spon... Read Summary

Mar 31, 1:34 pm

Decrypt

KuCoin Barred From Allowing US Users After $500K CFTC Settlement

Peken Global Limited, the operator of KuCoin, has been permanently barred from allowing U.S. participants access to its... Read Summary

Mar 31, 12:58 pm

Coindesk

Bitcoin Faces Potential Record of Six Straight Monthly Losses

Bitcoin is approaching a record of six consecutive monthly losses, with a 1% rally needed to close above the starting le... Read Summary

Mar 31, 1:00 pm

Coindesk

Chainalysis Introduces AI Agents to Streamline Blockchain Investigations

Chainalysis is integrating artificial intelligence agents into its platform to simplify blockchain investigations for bo... Read Summary