Accusations against the former manager of Bithumb, one of South Korea’s largest cryptocurrency exchanges, have come to the fore again.
Prosecutors in South Korea have filed an appeal against a previous court decision regarding Bithumb’s former executive chairman, Lee Jeong-hoon, according to local news sources.
Bithumb’s acquisition process, which it entered in 2018, was taken to court. In the case where Lee and Kim Byung-kun, who was the chairman of the board of directors of BK Medical Group at the time, were mentioned, at least 110 billion won ($85.2 million) in irregularities There were allegations that it was made.
South Korean prosecutors for Lee eight years imprisonment Even though he wanted to, the court ruled that Lee he is innocent He made his decision. The appeal process regarding Lee is expected to be completed on January 18, 2024.
Just a few days ago Bithumb plans to go public There was news about. According to the news, Bithumb chose Samsung Securities as its underwriter and took action to organize an IPO in the second half of 2025.