ChainCatcher news, according to EToday, former chairman of the South Korean cryptocurrency exchange Bithumb, Lee Jeong-hoon, was acquitted in both the first and second trials for allegedly defrauding 110 billion won.Last November, former chairman of Bithumb, Lee Jeong-hoon, was sentenced to 8 years in prison.

ChainCatcher news, according to South Korean media Decenter, the South Korean prosecution has requested an 8-year prison sentence for former Bithumb chairman Lee Jung-hoon on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes, the same as the first-instance ruling. Lee Jung-hoon is accused of fraud involving 110 billion won (approximately 85 million USD).

ChainCatcher news, according to the Korea Economic Daily, the Seoul Central District Court's criminal division has acquitted former Bithumb chairman Lee Jung-hoon in the first trial of a case involving 100 billion won in fraud.Earlier in October, it was reported that the Korean prosecution requested the court to sentence Bithumb's actual owner Lee Jung-hoon to 8 years in prison. (source link)

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)

ChainCatcher news, according to Yonhap News Agency, South Korean prosecutors have requested the court to sentence the actual owner of the cryptocurrency exchange Bithumb, Lee Jung-hoon, to 8 years in prison, accusing him of defrauding 100 billion won (approximately 70 million USD). The prosecution stated, "The amount of loss is very large, and for ordinary token investors, the loss is particularly significant." The specific sentencing hearing will be held on December 20 in the afternoon.It is reported that in October 2018, during negotiations to sell Bithumb shares, Lee Jung-hoon and BK Group Chairman Kim Byeong-keun, believing Lee Jung-hoon's claim that BXA (Bithumb Token) would be listed on Bithumb, used part of the proceeds from the pre-sale of BXA to purchase shares of Bithumb. However, BXA was never listed on Bithumb, and the BK Group's acquisition of Bithumb also came to an end without any conclusion. (Source link)