Bithumb former chair Lee Jung-Hoon acquitted in the first instance
The former chair was under allegations of $70 million in fraud charges which were said to have occurred during the acquisition of Bithumb.
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VP of Bithumb-Linked Company Found Dead in Seoul: Report
The Vice President of Vidente, referred to as Mr. Park, was found dead in front of his house in southern Seoul. Vidente happens to be the largest shareholder of Bithumb…
South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70%
The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision…
WEMIX token plunges 70% after it’s delisted by Korean exchanges
DAXA claimed that the circulating number of WEMIX exceeds what has been disclosed by Wemix, much to the chagrin of the issuers.
Bithumb Ex-Chair Faces 8 Years in Prison for Alleged $70M Crypto Fraud: Report
South Korean prosecutors are pushing for an eight-year sentence for Lee Jung-hoon, the former chairman of crypto exchange platform Bithumb, for an alleged $70 million fraud. According to a report…
Bithumb ex-chairman could face 8 years prison over alleged $70M fraud
The sentencing hearing is set for Dec. 20 and could see the former chairman of South Korean crypto exchange Bithumb behind bars for a maximum of eight years if found…
Singapore court rules in favor of Bithumb founder in acquisition case
The decision on the civil lawsuit might affect a trial court in South Korea.
Ethereum Classic Climbs 124% in 2 Weeks, Hashrate Spikes, KRW Captures 20% of ETC’s Trade Volume
Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and…
Bithumb Owner Confirms Acquisition Discussions With FTX
Off late, digital asset exchange FTX has been offering bailouts to struggling companies and expanding its operations via acquisitions. The latest firm that FTX is in talks for acquisition is…
FTX Mulls Buying Top South Korean Exchange Bithumb
Leading crypto exchange FTX is reportedly negotiating a potential acquisition of top South Korean exchange Bithumb. No deal has been confirmed as of yet. Advanced Talks Sam Bankman-Frieds crypto empire...