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https://www.coindesk.com/blockchain-predictions-market-stox-and-founder-sued-for-4-6-millionChoi has committed fraud for a countless number of victims for a long period of time … Futhermore, he holds the financial authorities responsible for failing to keep track of the industry better.”
Choi was reportedly arrested after the sentencing hearing.
In April, South Korean police detained four executives from two cryptocurrency exchanges over alleged embezzlement. One of those questioned was the CEO of Coinnest, while the identities of the other executives and the other exchange were not made public at the time.