Former President of Bithumb Will Be Sentenced to First Instance for Scam Of $70 million Today

Key Points: The former President of Bithumb will be pleased to hear from you this afternoon, local time
He was previously accused of fraud of 100 Billion Won (roughly 70 Million US Dollars) in connection with the listing of BXA Coin.
If he is convicted, he could spend up to eight years behind bars.
According to Korean media E-Daily the First Trial Sentence to Lee Jung-hoon for fraud of 110 billion won (about $700 million) against him, the former Chairman of Bithumb Group, Kim Byung-gun used part of the proceeds of the BXA pre-sale for shares. The defendant continues to deny the poor quality crime, so it is necessary to pronounce a heavy sentence. The defendant continues to deny the low quality crime, so it’s necessary to sentence him. Park Mo, vice-president of Vident, a holding firm of Bithumb, committed suicide by jumping from an office building on December 30, local time. Park Mo, who was vice president of Vident, was also responsible for accounting under Mr. Kang’s brother-and-sister, who claimed to be the chairman. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comFoxyCoincu NewsTags: # Cryptocurrencies#MarketsbithumbBlockchainBXA tokencryptoScam