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Crypto

Delio chief gets 15 years in jail in coin withdrawal suspension case

A Seoul court sentenced the head of crypto deposit-and-interest service Delio to 15 years in prison at first instance for fraud and other charges over allegedly diverting customers\' virtual assets. The court said the defendant swindled large sums from many victims and had not been forgiven by those who suffered serious economic losses, but considered external factors that triggered the case and the lack of prior punishment beyond fines. The court convicted him on a reduced set of charges.

Crypto

UK ranks third in bitcoin adoption, but 60,000 seized BTC cannot be held as reserves

Britain ranked third in a global bitcoin adoption assessment, but about 60,000 to 61,000 bitcoin held by the government is classified as seized assets linked to suspected crime, not a national strategic reserve. The index, published by infrastructure firm JAN3, factors in holdings, mining, the legal and tax environment, reserve policy and political leadership. Prosecutors said final disposition depends on confiscation and civil procedures, and guidance distinguishes seizure from ownership.

Crypto

US government bitcoin holdings still unclear a year after strategic reserve launch

More than a year after the United States launched a strategic bitcoin reserve fund, the government has not disclosed how much bitcoin it can actually count as reserves, fuelling controversy. Market estimates range widely, reflecting uncertainty over which coins have cleared final forfeiture and belong to the Treasury without legal obligations such as victim compensation. High-profile cases, including Bitfinex-related recoveries and a major civil forfeiture suit, have added to confusion.