ChainCatcher reported that Digital Asset reported that the South Korean Supreme Court upheld the verdicts against two former Coinone executives who accepted bribes for listing certain cryptocurrencies on the exchange.

On June 13, the court rejected the appeal of a former executive who was convicted of accepting bribes of approximately 1.9 billion won (1.38 million U.S. dollars) to list certain virtual assets on Coinone. The executive will serve four years in prison and must hand over the 1.9 billion won in bribes received. Similarly, the court rejected the appeal of another former manager in charge of Coinone listing. This person was convicted of accepting 800 million won in bribes and sentenced to three and a half years in prison. The manager must also hand over 800 million won obtained through bribes.