🇻🇳 Former Bithumb chairman Lee Jeong-hoon is facing up to eight years in prison in a lawsuit related to 100 billion won ($70 million) in fraud during negotiations to buy the exchange. The verdict is expected on January 18, 2024.

- The lawsuit started in October 2018;

- The Korean Procuracy requested an 8-year prison sentence for Lee;

- The outcome of the appeal will greatly affect the future of Bithumb and the fate of the BXA token;

- The lawsuit highlights the importance of a clear regulatory framework in the cryptocurrency industry.

Let's discuss this lawsuit and its possible consequences! 💬