Former executive of crypto exchange Coinone pleads guilty to bribery charges in South Korea

A former executive of South Korean cryptocurrency exchange Coinone has plead guilty to charges of bribery for listing coins.

"Mr Jeon," Coinone’s former director of listing, was accused of receiving nearly 2 billion won ($1.51 million) in return for listing virtual assets such as "Furiever Coin."

Jeon’s broker, known as "Mr Ko," is accused of facilitating the listings.

At a trial hearing on May 25, a lawyer for the two reportedly said: "I admit the facts of the prosecution."

Coinone’s listing team leader and another broker have also been accused, but their lawyers said they have yet to finish reviewing evidence and will respond to the charges at the next trial hearing on June 15.


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