The former chair of the South Korean crypto exchange Bithumb, Lee Jung-Hoon, was reportedly found not guilty by the Seoul Central District Court’s 34th Division of the Criminal Agreement.
Jung-Hoon was accused in October 2018 of fraudulently violating the Act on the Aggravated Punishment of Specific Economic Crimes while negotiating for Bithumb’s acquisition from Kim Byung-Gun — allegations that could have resulted in an eight-year prison sentence.
The ruling comes less than one week after Bithumb’s largest shareholder was reportedly found dead. The executive was accused of embezzlement and stock-price manipulation.
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Source: https://www.theblock.co/post/198798/bithumb-lee-jung-hoon-not-guilty?utm_source=rss&utm_medium=rss