Episode Details

Crypto kingpin Jeong, head of defunct firm Delio, just got 15 years in South Korean prison for swindling over 1,100 people out of $50 million in crypto. The scheme, which collapsed in November 2023, promised sky-high returns on Bitcoin and Ether — then locked victims out. Prosecutors sought 20 years, but evidence mishandling shaved off time — still a brutal sentence. This isn’t new territory: recall Don Kwon’s Terra Luna collapse and V Global’s fraudsters. Authorities are cracking down, but the crypto wild west remains dangerous for investors.

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