Tag: CEO

South Korea Seeks 20-Year Sentence for Delio CEO Over $169M Crypto Fraud

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South Korean prosecutors have requested a 20-year prison sentence for the CEO of crypto deposit service Delio, calling the scale of alleged fraud against thousands of investors “massive.” During closing arguments at the Seoul Southern District Court on Thursday, prosecutors asked the court to sentence Jeong Sang-ho under the Act on Aggravated Punishment of Specific Economic Crimes, citing what they described as deliberate deception and false promotion that left nearly 2,800 victims without access to their funds, according to the Korean news agency Yonhap. “The defendant’s active deceptive acts and…

Poland Probes Zondacrypto As CEO Reportedly Flees to Israel

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Zondacrypto’s crisis deepened on Friday after Polish outlet Onet reported that CEO Przemysław Kral had gone to Israel as prosecutors investigate the exchange over alleged fraud and investor losses. According to the report, Kral has been in Israel for about a week and holds Israeli citizenship, a factor that could complicate any potential extradition to Poland. Polish authorities opened an investigation into Zondacrypto last Friday over alleged fraud and investor losses. Cointelegraph also confirmed that Kral’s email address, previously used to communicate with him, has become unavailable. The developments come…

Ex-FTX CEO Withdraws Motion for a New Trial, Still Asks for New Judge

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Former FTX CEO Sam Bankman-Fried, serving a 25-year sentence for his role in misusing user funds at the crypto exchange, has dropped a motion in federal court requesting a new trial for his criminal case, but still has a pending appeal of his conviction and sentence. In a Wednesday filing in the US District Court for the Southern District of New York, Bankman-Fried responded to a March 23 letter from Judge Lewis Kaplan ordering the former FTX CEO to answer whether he received any assistance from lawyers for a pro…

Stablecoins Behave Like FX Markets as Liquidity Splits: Eco CEO

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Stablecoins behave like a fragmented foreign exchange market, where liquidity is spread across blockchains and pools, creating price differences and uneven access to dollar liquidity. Moving stablecoins looks simple on the surface. But under the hood, it’s often a multi-step transaction routed across chains and pools. “It’s a very special case of a foreign exchange market onchain, and that leads to bad user experience, with unexpected slippage, transaction reversion and unfamiliar information when moving your dollar from point A to point B,” Ryne Saxe, CEO at stablecoin infrastructure company Eco,…

Telegram CEO Warns EU Age Verification App Risks Surveillance

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Telegram CEO Pavel Durov warned Friday that the European Union’s new age-verification app could become a stepping stone toward broader online identity tracking, days after the European Commission said the system was technically ready for rollout. In a Telegram post on Friday, Durov cited analysis from security consultant Paul Moore, who said the app is hackable in “under two minutes” after examining its technical design. “This product will be the catalyst for an enormous breach at some point,” Moore said in an X post on Thursday, adding that the system…

Circle CEO defends USDC freeze policy as criticism grows after Drift exploit

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Circle Internet CEO Jeremy Allaire offered his clearest defense yet of the company’s USDC freeze policy, saying the issuer does not block wallets unless there is a formal legal basis to act. Speaking in Seoul, Allaire said Circle treats USDC as a regulated financial product inside the rule of law, not as a tool for ad hoc intervention whenever stolen funds begin moving onchain. The remarks mark the company’s strongest public response so far to criticism that it failed to act quickly during the recent Drift Protocol exploit. Allaire said…

Coinbase CEO Backs US Treasury Secretary‘s Push to pass CLARITY Act

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Brian Armstrong, the Coinbase CEO who withdrew the crypto exchange’s support for the Digital Asset Market Clarity Act in January, said “it’s time” for the legislation to pass after months of delays. In a Thursday X post, Armstrong said that Coinbase agreed with comments from US Treasury Secretary Scott Bessent in a recent Wall Street Journal op-ed, in which he urged Congress to act on the crypto bill soon. According to the CEO, the current version of the legislation, after months of negotiations between lawmakers and representatives from the crypto…

MEXC Names New CEO And Expands Global Strategy

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MEXC appointed Vugar Usi as CEO on Wednesday, elevating the executive as the exchange steps up its push for global licensing, including under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework. MEXC said Usi joined the company as chief operating officer in late 2025 after previously serving in the same position at rival exchange Bitget. In his new role, Usi said MEXC plans to preserve its low-fee trading focus while expanding broader multi-asset access on the platform. The CEO told Cointelegraph that MEXC is actively pursuing licensing opportunities globally,…

JPMorgan CEO Flags Blockchain Rivals as Kinexys Scales

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JPMorgan CEO Jamie Dimon said “new technologies” are intensifying competition across the financial sector, with blockchain-based players emerging alongside traditional rivals. In his annual shareholder letter on Monday, Dimon identified artificial intelligence, data and advanced technology as “key to the future,” signaling a shift toward more automated, data-driven financial services. While blockchain and digital assets were not a central focus, Dimon acknowledged that “a whole new set of competitors is emerging based on blockchain, which includes stablecoins, smart contracts and other forms of tokenization.” The comments come as JPMorgan continues…

Ava Labs CEO says banks love Ripple, then hits April Fools

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From Polygon to Polymarket, crypto communities have their own way of pulling off April Fool’s Day stunts. This year, Ava Labs CEO Emin Gün Sirer couldn’t resist giving Ripple a friendly jab. Banks are choosing Ripple. April Fools, obviously. They actually use Avalanche. — Emin Gün Sirer🔺⚔️ (@el33th4xor) April 1, 2026 The post racked up 585 likes and more than 50,000 views as of reporting. Its comment section exploded with hundreds of responses, many from Ripple’s community who came for the fastest bait-and-switch and stayed for the debate. April fools…