[South Korea Delio CEO Sentenced to 15 Years in First Trial for $180 Million Crypto Fraud Case] According to Digital Asset, a South Korean court has issued a first-instance verdict in the crypto fraud case involving Delio CEO Jeong Sang-ho, concerning approximately 250 billion Korean won (around $180 million). The Seoul Southern District Court's Criminal Division 11 stated that Jeong's criminal actions were severe, and he continuously shifted responsibility to other companies while attempting to evade accountability. The ruling comes roughly three years and two months after Delio suspended withdrawals in June 2023.