South Korean crypto platform Delio CEO Jeong Sang-ho sentenced to 15 years in first trial for ₩70 billion fraud According to Korean media, Delio CEO Jeong Sang-ho has been sentenced to 15 years in prison in the first trial for crypto asset fraud amounting to ₩70 billion (approximately $52 million). This criminal case verdict comes about 3 years and 2 months after the withdrawal suspension incident involving Delio in June 2023. On August 13, the 11th Criminal Division of the Seoul Southern District Court ruled: 'The crime is severe, and the defendant consistently shifted blame to other companies and avoided responsibility.' Jeong Sang-ho was sentenced to 15 years in prison. Delio is a South Korean crypto asset deposit interest service provider. In June 2023, the platform suspended withdrawals, leaving customer assets worth approximately ₩250 billion (around $186 million) inaccessible.