Ex-Chairman of Popular Cryptocurrency Exchange Laundered in $70 Million Lawsuit

He was found not guilty in a $70 million fraud case filed on behalf of Lee Jung-Hoon, the former chairman of Bithumb, one of South Korea’s largest cryptocurrency exchanges.

According to the news published by a local agency on January 3, Lee Jung Hoon, 2018 He was acquitted of the fraud case filed in his name. In the lawsuit, the President of the plastic surgery company BK Group Kim Byung Gun, Lee Jung-Hoon During Bithumb’s acquisition, 70 million worth a dollar 100 billion won He claimed that he cheated.

In the case heard by the Seoul Central District Court, the court ruled that Lee Jung-Hoon “Aggravated Punishment for Certain Economic Offenses” the law pertaining to breach that you don’t came to the conclusion. According to sources, Lee Jung-Hoon will be released if convicted. 8 years he could get jail time. It also came to the attention that the decision was announced a week after Bithumb’s largest shareholder, accused of manipulation and embezzlement of the share price, committed suicide.

On the other hand, Kim Byung-Gun has recently Singapore by the courts BXA tokens Selling without Lee Jung-Hoon’s permission guilty had been found. The court ruled that all proceeds from the token sale are based in Singapore. to Bithumb return to be made found it appropriate.

Additionally, Lee Jung-Hoon was born in South Korea in October of last year. Terra (Luna) with the collapse relating to to the National Assembly Political Affairs Committee summoned as a witness anxiety disorder He denied the testimony, claiming that he was alive.

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