According to a report by local news agency Yonhap, a former executive of South Korean cryptocurrency exchange Coinone has acknowledged the charges brought against him for accepting bribes in exchange for listing certain coins. The accused individual, Mr. Jeon, who previously served as Coinone’s director of listing, is said to have received approximately 2 billion won ($1.51 million) in return for listing virtual assets like “Furiever Coin.” It is worth noting that “Furiever Coin” was exclusively listed on the exchange and has subsequently been linked to an ongoing investigation into a kidnapping and murder case in Seoul’s Gangnam district. Mr. Ko, Jeon’s broker, is alleged to have facilitated these listings.
During a trial hearing held on May 25, the lawyer representing both Jeon and Ko reportedly stated, “I admit the facts of the prosecution.” The lawyer further mentioned, “Basically, we are acknowledging the facts of the prosecution, but since we have not been able to view all the evidence, we will present a final opinion after review.”
In addition to Jeon and Ko, Coinone’s listing team leader and another broker also face accusations. However, their lawyers have stated that they are still in the process of reviewing the evidence and will respond to the charges during the next trial hearing scheduled for June 15.