An ex-Coinone employee is the latest to be arrested by South Korean law enforcement agents on allegations that they accepted bribes to list tokens on the digital currency exchange.
Officials from the Seoul Southern District Prosecutors’ Office disclosed that the bribery occurred sometime in 2020, preceding the bull market. The full name of the former employee was not revealed, citing South Korea’s privacy laws as investigators prepare to prosecute him in court.
Authorities said the former staff, identified only by the family name Jeon, earned over $1.47 million in the illegal scheme that resulted in listing several tokens on Coinone’s platform. The bribes were transmitted via an unnamed broker, and the depth of the initiative suggests that the worker in question was a high-ranking official of the platform.
