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Tag: Bithumb
Bithumb Ex-Chair Faces 8 Years in Prison for Alleged $70M Crypto Fraud: Report
South Korean prosecutors are pushing for an eight-year sentence for Lee Jung-hoon, the former chairman of crypto exchange platform Bithumb, for an alleged $70 million fraud. According to a report by t...
Bithumb ex-chairman could face 8 years in prison over alleged $70M fraud
The former chairman of the South Korean cryptocurrency exchange Bithumb, Lee Jung-hoon, could face a possible maximum sentence of eight years in prison if found guilty on charges related to an alleged...
Bithumb Founder Could Face 8 Years in Prison Over $70M Fraud
The founder of Bithumb crypto exchange is facing a potential eight-year prison sentence over allegations of a $70 million fraud. Founder Lee Jung-hoon faced trial on Tuesday with the verdict expected ...
Cryptocurrency exchange Bithumb ex-chair could face jail term, here’s why
As per the South Korean news agency Yonhap, the prosecutors in South Korea are seeking Lee Jung-hoon, the former head of the cryptocurrency trading company Bithumb, to serve up to eight years in jail ...
Former Head of Crypto Exchange Bithumb Charged With Eight Years in Prison for Alleged $70,000,000 Fraud: Report
South Korean prosecutors are charging the former head of a major crypto exchange with fraud worth nearly $70 million. According to a report from the South Korean news outlet Yonhap News Agency, state ...
Court trial of former Bithumb chief ends with potential 8-year sentence
Former chairman of South Korean firm Bithumb Holdings, Lee Jung-hoon, concluded a court trial on Tuesday. Prosecutors seek a total of eight years in prison on 100 billion won ($70.2 million) fraud cha...
Bithumb owner to receive 8-year jail term for $70M fraud – local media
Lee Jung-hoon, the owner of the South Korean crypto exchange Bithumb, is facing up to eight years in prison on charges of fraud to the value of 100 billion won ($70 million), according to YNA. Lee was...
Prosecutors reportedly seeking an 8-year jail term for Bithumb founder over $70 million fraud
South Korean prosecutors are reportedly seeking an eight-year jail sentence for the founder of the Bithumb crypto exchange in the ongoing $70 million fraud case. The prosecution has justified the req...
S. Korea’s Bithumb Connects System With Samsung Securities –
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FTX In Talks To Buy Bithumb
Sam Bankman-Fried was not bragging about his plan to “save” troubled cryptocurrency companies despite the crypto winter. Over the past few months, many companies have fallen into a difficult situation...
FTX Close to Acquiring Bithumb After Talks with Stakeholder
There might be some truth to the story of FTX closing in on a Bithumb acquisition, as a major stakeholder confirms talks are underway with the company over the sale of its holdings. Vidente, a firm wi...
Bithumb Owner Confirms Acquisition Discussions With FTX
Off late, digital asset exchange FTX has been offering bailouts to struggling companies and expanding its operations via acquisitions. The latest firm that FTX is in talks for acquisition is – Bithumb...
FTX holds discussions to acquire South Korean crypto exchange Bithumb
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX is accelerating his acquisition spree with plans to acquire the South Korean-based Bithumb crypto exchange. The acquisition was confirmed...
FTX Derivatives Exchange in Advanced Talks to Buy Bithumb
The possible acquisition of Bithumb by FTX could mark one of the exchange’s first attempts to directly connect with the South Korean crypto ecosystem. FTX derivatives exchange is in advanced talks to...
FTX on Track to Acquire Bithumb
Alex Dovbnya FTX is on track to extend its shopping spree by potentially acquiring South Korean’s leading crypto exchange Cryptocurrency giant FTX is on track to acquire Bithumb, South Korea’s leading...
FTX Rumored to Be in Talks to Purchase South Korean Exchange Bithumb
FTX is rumored to be in talks with South Korean exchange Bithumb over a possible acquisition. The talks are at an advanced stage, says one source, and have been taking place over the last few months. ...
Samuel Bankman-Fried Seeks To Acquire Bithumb, S.Korea’s Second Largest Crypto Exchange – Coinpedia – Fintech & Cryptocurreny News Media
Samuel Bankman-Fried, the founder and CEO of FTX, is hunting for acquisition targets as the market crashes. SBF acquired various crypto firms last month, including voyager digital voyager digital Lend...
Bankman-Fried’s FTX In Advanced Talks to Acquire South Korea’s Bithumb
FTX, a global cryptocurrency exchange headquartered in the Bahamas, is in talks to acquire its rival Bithumb, South Korea’s leading cryptocurrency exchange, according to people familiar with the matte...
FTX All Set To Acquire South Korea’s Largest Exchange, Bithumb
2 hours ago | 2 mins read Exchange News Morgan Stanley was preparing to acquire Bithumb for $441 million in March. FTX bought the Japan-based exchange Liquid early this year. According to a report fro...
Sam Bankman-Fried’s FTX Likely To Buy Bithumb Exchange
Sam Bankman-Fried’s FTX continues to explore options to expand through acquisitions in the cryptocurrency market. In the last few months, SBF backed several crypto firms including Voyager Digital and ...
Sam Bankman-Fried’s FTX May Buy South Korean Crypto Exchange Bithumb: Report
This crypto winter, rumors of FTX rescuing or acquiring struggling crypto companies have proliferated—and now South Korean crypto exchange Bithumb is said to be on FTX CEO Sam Bankman-Fried’s shopping...
Sam Bankman-Fried Led FTX In Talks To Purchase South Korea’s Bithumb
Sam Bankman-Fried-led FTX is continuing to acquire and expand in the crypto space, with reports emerging that the exchange is in talks to acquire Bithumb. The exchange has also backed a slew of crypto...
FTX in talks to buy South Korea-based Bithumb
Leading crypto exchange FTX is reportedly in talks to purchase South Korea-based Bithumb, Bloomberg News reported July 22. The two companies have reportedly been in talks for months, and there are ind...
Crypto Exchange FTX Explores Purchase Of Bithumb
Per a report from TheBlock, the popular crypto exchange FTX is exploring the potential purchase of Bithumb. The South Korean platform will engross the list of the Sam Bankman Fried company’s recent ac...
FTX Reportedly in Talks to Buy South Korean Exchange Bithumb
Conversations about the acquisition have been ongoing for several months, according to Bloomberg Founded in South Korea in 2014, Bithumb has grown to become one of South Korea’s “big four” cryptocurre...
FTX is reportedly looking to buy South Korean crypto exchange Bithumb
FTX, the cyptocurrency exchange firm founded by crypto billionaire Sam Bankman-Fried, is looking to acquire South Korea-based crypto platform Bithumb. Reports of the potential acquisition surfaced on ...
Upbit, Bithumb among Korean crypto exchanges hit in Terra fraud raid
Korean prosecutors investigating a case of fraud linked to the collapse of stablecoin protocol LUNA and its sister-asset TerraUSD (UST) have raided seven crypto exchanges in the country, reports Yonha...
Litecoin delisted by Bithumb and Upbit
Litecoin (LTC) has been delisted from Korea’s leading crypto-exchanges, Bithumb and Upbit, after the Mimblewimble update introduced new privacy features. Litecoin (LTC) delisted by Bithumb and Upbit ...
South Korea’s Upbit and Bithumb warn over Litecoin privacy feature
Litecoin implemented the MimbleWimble Extension Blocks (MWEB) recently to boost privacy within the network. The privacy-focused upgrade could be good news for developers and users of the Litecoin netw...
Bithumb Korea Announces An Annual Operations Income Of $833 Million
The South Korean crypto market has marked some big winners. Bithumb, one of the country’s most prominent crypto exchanges, has reported an operating profit of $645 million for the year 2021. South Ko...