Crypto Exchange Coinone's Former Exec Acknowledges Bribery Charges in South Korea: Report

A erstwhile enforcement of South Korean cryptocurrency speech Coinone, who was accused of taking bribes successful instrumentality for listing definite coins, has acknowledged the charges, local quality bureau Yonhap reported connected Thursday.

"Mr Jeon," Coinone's erstwhile manager of listing, was accused of receiving astir 2 cardinal won ($1.51 million) successful instrumentality for listing virtual assets specified arsenic "Furiever Coin," which was listed exclusively connected the exchange, and has since been linked to a kidnapping and execution probe successful the Gangnam territory successful Seoul. Jeon's broker, known arsenic "Mr Ko," is accused of facilitating the listings.

At a proceedings proceeding connected May 25, a lawyer for the 2 reportedly said: "I admit the facts of the prosecution."

"Basically, we are acknowledging the facts of the prosecution, but since we person not been capable to presumption each the evidence, we volition contiguous a last sentiment aft review," the lawyer added.

Coinone's listing squad person and different broker person besides been accused, but their lawyers said they person yet to decorativeness reviewing grounds and volition respond to the charges astatine the adjacent proceedings proceeding connected June 15.

Coinone didn't instantly respond to a CoinDesk petition for comment.