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Former Coinone Executive Charged with Corruption Over Alleged Cryptocurrency Bribery Scheme

According to Korean media sources, the First Financial Investigation Department of the Namji Prosecutor's Office in Seoul, South Korea, has filed charges against Jeon, a former executive of the cryptocurrency exchange platform Coinone, on suspicion of corruption. The suspect is scheduled for a pre-arrest interrogation on the morning of April 10th.

Jeon is accused of accepting bribes from virtual currency brokers, identified as Go and Hwang Aunt, during 2020-2021. In exchange for these bribes, Jeon allegedly facilitated the listing of "Kimchi Coin," a token asset purportedly involved in the bribery scheme.

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