LEE JUNG HOON
Lee Jung Hoon
Former Bithumb Chairman Lee Jung-Hoon Acquitted in $100M Fraud Case
Lee Jung-Hoon, former chairman of Bithumb, has been acquitted in a $100 million fraud case related to the non-listing of the BXA token, highlighting challenges in crypto industry legal cases.
Lee Jung Hoon
Lee Jung-Hoon, Former Bithumb Chair Acquitted In First Instance
The 34th Division of the Criminal Agreement of the Seoul Central District Court acquitted former Bithumb chair Lee Jung-hoon on Jan. 3. He was charged with fraud under the Act on Aggravated Punishment of Specific Economic Crimes. Since October 2018, the previous chairman is accused of defrauding 100 billion won ($70 million) during takeover discussions.