South Korean prosecutors request that Bithumb’s former board chairman be sentenced to 8 years in prison
2023-11-17 01:33
Odaily reported that South Korean prosecutors requested an 8-year prison sentence for former Bithumb board chairman Lee Jung-hoon for violating the Aggravated Punishment Act for Specific Economic Crimes, which is the same as the first-instance verdict. Lee Jung-hoon was accused of fraud of 110 billion won (approximately US$85 million).
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Analysis: OG Bitcoin whales are accelerating their BTC sell-off.
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