According to Yonhap News Agency, South Korean prosecutors on April 30 sought a 20-year prison sentence for Delio CEO Chung Sang-ho over allegations of defrauding approximately 2,800 victims of about 250 billion won ($190 million) in virtual assets. The crypto lending platform suspended withdrawals on June 14, 2023, after attracting investors with promises of high-interest returns on deposited crypto assets.
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