CEO Kim Ik-hwan and COO Cho of Coinnest, one of the largest crypto exchanges in South Korea, have been indicted for accepting a bribe in return for listing an unexamined and fragile cryptocurrency called S Coin, the local media outlet Korea IT Times reported.
The financial investigation department of the Seoul Southern District Public Prosecutors’ Office announced that the two executives had been accused of receiving a bribe from the CEO of S Coin, the company pushing on its currency in order to get it listed on Coinnest.
The CEO of S Coin, whose name is also Ki...
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