Korean Crypto Exchange Coinone and 20 Traders to Face Charges Over Margin Trading

The South Korean police are reportedly making ready to cost Coinone’s executives, together with its CEO, and 20 of the trade’s members. This follows a 10-month investigation on allegations that the trade offered playing providers by means of its crypto margin buying and selling program.

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Coinone’s Investigation Concludes

South Korea’s Cybercrime Investigation Unit of the Southern Provincial Police Division introduced on Thursday, June 7, its plan to convey prices in opposition to Coinone over the trade’s margin buying and selling service, native media report.

Coinone, which opened in August 2014, is the nation’s third-largest cryptocurrency trade, after Upbit and Bithumb. Its 24-hour buying and selling quantity is $34,342,088 on the time of this writing, in accordance to Coinmarketcap.

The police are reportedly recommending that the prosecutor’s workplace prices three of Coinone’s executives,…

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