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...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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....
Read More: South Korean Prosecutors Fail in Bid to Jail Ex Bithumb Boss
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat
Bitcoin Magazine South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat South Korean cryptocurre...
Binance-Controlled Korean Exchange GOPAX Stops Trading, Makes Users Email to Withdraw Crypto
Customers of GOPAX, a Korean exchange whose operator Streami is majority-owned by Binance, can now get crypto out only by emailing...
Paraguay Bank Crisis Sends USDT to 13% Premium After Ueno Freeze Hits 3M Customers
Key Takeaways: Bybit P2P listing also went about 13% cheaper than Paraguay’s official dollar rate in USDT. The failure of Ueno Ban...
Exchanges Rush to Prove Cold-Storage Reserves as Binance Hack Fallout Deepens and Bitcoin Slides Below $76,000
Exchanges publish cold-storage proof after Binance's $6.36bn hack, Bitcoin falls below $76,000 with $850m liquidated, and France r...
Moscow Exchange sets Dec. 1 to launch Bitcoin and Ethereum trading
Non-qualified buyers face a 300,000-ruble annual cap per intermediary and testing, while Moscow Exchange plans a December pilot. R...
TRM Labs calls for offensive action against North Korean hackers after $6.36 billion Binance theft
The call for offensive cyber operations against North Korean hackers highlights the need for proactive measures in global cybersec...