Bithumb's Former Chairman Lee Jung-hoon Acquitted in $70 Million Fraud Case
Prosecutors claim that Lee intentionally concealed challenges related to BXA token listing, with the alleged aim of profiting and circumventing financial regulations.
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Bithumb will close its research center tomorrow as exchange revenue falls
01/06/2023 17:56
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Former Bithumb Chairman's 8-Year Sentence Appeal Verdict to Shape Crypto Exchange Governance
Ex-Bithumb chairman Lee Jeong-hoon awaits an 8-year prison term decision on January 18, 2024, accused of deceiving BK Group's chairman in a Bithumb acquisition, involving a disputed BXA token listing and alleged embezzlement of 110 billion won ($70 million). The verdict may set a precedent in exchange governance disputes, impacting Bithumb's future and industry policies amid increased regulatory scrutiny.
JixuFormer Bithumb Chairman Faces 8-Year Sentence
Former Bithumb Chairman, Lee Jeong-hoon, faces an eight-year prison sentence over allegations of manipulating Bithumb's governance in a complex cryptocurrency scandal, with a verdict set for January 18, 2024, potentially impacting Bithumb's future and regulatory scrutiny in the industry.
JasperXRP Becomes Top Traded Asset on South Korea's Bithumb, Surpassing Bitcoin (BTC)
Bithumb is one of South Korea's largest crypto exchanges, with $205 million in daily trading volume at the time of writing and 170 listed cryptocurrencies.
OthersBithumb Owner Arrested Over Alleged $50 Million Embezzlement Charges
According to local media reports, the owner of South Korea's largest cryptocurrency exchange, Bithumb, was arrested in the country on Thursday.
BitcoinistBithumb Offices Raided as Legal Woes Pile up
The raid centers around suspected price manipulation of an unidentified coin.
cryptopotatoBithumb’s “Real” Owner Faces Arrest Warrant on Embezzlement Charges
The Kang siblings are charged with embezzlement, breach of trust, and market manipulation.
cryptopotatoSouth Korea Starts Investigating Crypto Exchange Bithumb (Report)
The NTS will supposedly investigate whether Bithumb and its alleged owner Kang Jong-hyeon have breached taxation policies.
cryptopotatoBithumb’s Owner Found not Guilty on Charges of Fraud
Lee Jung-hoon will not go to prison after Judge Kang Gyu-Tae proclaimed him not guilty of committing fraud.
cryptopotatoCrypto Exchange FTX Explores Purchase Of South Korean Competitor Bithumb
Per a report from TheBlock, the popular crypto exchange FTX is exploring the potential purchase of Bithumb. The South Korean ...
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