South Korean Prosecutors Fail in Bid to Jail Ex Bithumb Boss

South Korean prosecutors have been thwarted in their efforts to send the former head of the crypto exchange Bithumb to prison for eight years.
Per TVChosun, a branch of the Seoul Central District Court acquitted Lee Jung-hoon on fraud charges. Lee had been accused of wrongdoing in a case dating back to October 2018, and botched efforts to sell the crypto exchange to Kim Byung-gun, the Chairman and Founder of the plastic surgery firm BK Group….
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