A South Korean CEO has been sentenced to five years in prison for “misappropriating” $2.4m worth of ethereum (ETH) from a partner company.
Per the media outlet Delight, the 43-year-old man, identified only by his surname (Chae), is the head of a “marketing agency” that deals with crypto funds.
A branch of the Seoul Northern District Court heard that the company worked with a telecoms and broadcasting firm that is active in the blockchain space….
Read More: South Korean CEO Jailed for ‘Misappropriating’ Partner Firm’s Ethereum Funds