Bithumb's former CEO sentenced to prison awarded $3.5 million bonus
ChainCatcher news, according to Cointelegraph, the former CEO of Bithumb Holdings, Lee Sang-jun, who is currently serving a sentence, received a compensation of approximately 4.7 billion won (about 3.5 million USD) in 2024, which includes a bonus of 2 billion won (1.4 million USD), a pension of 2.2 billion won (1.5 million USD), and a basic salary of 470 million won (320,000 USD).A Bithumb spokesperson stated that this compensation payment was due to Lee's key role in establishing the company's system foundation and improving customer asset protection.Lee Sang-jun was convicted in December 2024 for accepting luxury gifts and benefits in exchange for token listings. Although prosecutors accused him of receiving 30 billion won (about 20 million USD) in cash, the court acquitted him, but upheld the guilty verdict for other forms of bribery. He was sentenced to two years in prison and fined approximately 50 million won (37,000 USD).