Cryptocurrency News

Singapore court rules in favor of Bithumb founder in acquisition case

2022.08.31 16:49

Singapore court rules in favor of Bithumb founder in acquisition case
Singapore court rules in favor of Bithumb founder in acquisition case

The court drama behind the acquisition of South Korean crypto exchange Bithumb has been going on for several years, but in an unexpected development, a Singapore court has made a ruling against Kim Byung-gun, who has originally accused the owner of Bithumb, Lee Jung-hoon, in defrauding him.

According to the South Korean publication Aju Daily, on Aug. 26, after three years of proceedings, a court in Singapore found Kim guilty of selling BXA coins without the permission of his partner Lee and ordered him to return the proceeds gained from the sale of coins to Singapore-based consortium BTHMB.

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