The first-instance verdict of the fraud case involving the former chairman of Bithumb has been postponed to January next year

ChainCatcher news, the first-instance verdict in the case of Lee Jung-hoon, the actual owner of the cryptocurrency exchange Bithumb, who is suspected of defrauding 100 billion won (approximately 70 million USD), has been postponed to January next year.

It is reported that Lee Jung-hoon is suspected of approaching Kim Byung, the chairman of the BK Medical Group, under the guise of co-managing after acquiring Bithumb's parent company as an overseas corporation in 2018, and defrauding more than 112 billion won. He was prosecuted without detention last July. In October, the South Korean prosecution requested the court to sentence Lee Jung-hoon, the actual owner of the cryptocurrency exchange Bithumb, to 8 years in prison. (source link)