In brief
A Seoul court sentenced Delio chief executive Jeong Sang-ho to 15 years for fraud and for registering as a virtual asset provider using false documents, according to local media.
The court ruled evidence seized from Delio's server host was unlawfully obtained, voiding the primary charge covering 2,800 victims and 250 billion won.
He was convicted instead on fallback charges covering roughly 1,100 victims and 70 billion won, about $49 million.
The Seoul Southern District Court has sentenced Delio chief executive Jeong Sang-ho to 15 years in prison over the collapse of the South Korean crypto deposit platform, five years short of the term prosecutors sought.
