According to CoinMeta, as reported by Digital Asset, the Criminal Court No. 11 of the Southern District Court of Seoul, South Korea, has rendered a first-instance judgment in the cryptocurrency fraud case involving Delio CEO Jeong Sang - ho and amounting to approximately $180 million. The defendants Jeong Sang - ho were sentenced to 15 years in prison. The court stated that Jeong Sang - ho committed serious crimes and continuously shifted responsibility to other companies while attempting to evade their own liabilities. This judgment comes about three years and two months after Delio suspended withdrawals in June 2023.