South Korean prosecutors have demanded a 20-year prison sentence for Delio CEO Jeong Sang-ho, according to a CoinDesk entry syndicated by Coinotag.
The case is tied to fallout from the FTX collapse. The source says the scandal involved about 2,800 victims and cited roughly 250 billion won in damages. Prosecutors framed the matter as connected to the broader incident.
The provided text also mentions FTT price declines, but it cuts off mid sentence and does not explain the legal theory or how the token’s market moves connect to the alleged conduct.
Because the excerpt does not include further details such as charges, evidence, or court timelines, the safest read is procedural. The next step will be what a court does with prosecutors’ request, and whether the defense challenges the claimed linkage to the FTX collapse and any FTT-related aspects.