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Former Bithumb chairman faces eight-year prison sentence

Posted on 11/18/2023

Former Bithumb chairman faces eight-year prison sentence

Lee Jeong-hoon, former Bithumb Chairman, faces an eight-year prison term. Prosecutors assert Lee misled Kim about joint Bithumb management, BXA Coin listing, and restructuring to evade financial regulations. The January 18, 2024, appeal verdict holds industry-wide implications in South Korea. Lee Jeong-hoon, the former chairman of Bithumb, one of South Korea’s major cryptocurrency exchanges, is […]

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