The chairman of Upbit operator Dunamu and others were acquitted and released
Operator of the virtual currency exchange Upbit has been acquitted by the Supreme Court of Korea. They were accused of profiting from pretending to deposit a large amount of assets into fake accounts, totaling 100 billion Korean won. The Supreme Court's first trial chamber (Chief Justice Oh Kyung-mi) confirmed the initial ruling, and Upbit operator Dunamu's Chairman Song Chi-hyung, CFO Nam Mo, and Data Value Director Kim Mo were acquitted. They were charged by prosecutors with forging electronic records and fraud under the Specific Economic Crimes Aggravated Punishment Act. The appellate court further determined that some of the prosecution's evidence was illegally collected and therefore not admissible.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Thailand seizes 63 illegal crypto mining rigs that stole over $327k in electricity
Crypto Sniper Incurs $465K in Losses on $XZY Token within 1 Hour
Expert Says Holding Just 1,000 XRP Could Be the Best Financial Decision of Your Lifetime
Chinese Analyst Assesses Ethereum’s Status, Says “Whales Have Run Out of Purchasing Power” – Here’s What He Expects
Chinese cryptocurrency analyst phenomenon Murphy evaluated the latest status of Ethereum in his statement. Here are the details.
Trending news
MoreCrypto prices
More








