Former Bithumb CEO Lee Sang-joon granted bail after six months in detention

This article is machine translated
Show original

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.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments