On June 12, according to Digital Asset, Lee Sang-joon, the former Bithumb CEO who was sentenced to two years in the first trial for receiving bribes (luxury watches, premium memberships, etc.) in virtual currencies XYDO and QVING, was approved for bail by the Seoul High Court on June 11, ending his six-month detention since December 2024. Bail conditions include travel restrictions, prohibition of contact with case-related individuals, and payment of 50 million Korean won in bail.
Kang Jong-hyun, the controlling person of Vidente, and former golfer Ahn Sung-hyun were also granted bail in the same case.




