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Ex-chairman of Bithumb could be facing 8 years imprisonment for alleged $70M fraud by Cointelegraph

Bithumb ex chairman could face 8 year imprisonment over $70M fraud

If convicted of fraud charges amounting to $70 million, Lee Jung-hoon could be sentenced to eight years imprisonment.

Local prosecutors requested the Seoul District Court to sentence the defendant on Oct. 25, while the sentencing hearing is scheduled for Dec. 20. According Yonhap News Agency reports.