Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Altcoin1998$ on September 04, 2022, 09:21:05 PM
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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, o defrauding him.
According to the South Korean publication Aju Daily, on FriAug. 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.
The decision of this civil case might affect the trial court that has been held in South Korea. In that case, Kim accused Lee of defrauding him in the process of a jointly planned acquisition of Bithumb.
Detail information: click (https://cointelegraph.com/news/singapore-court-rules-in-favor-of-bithumb-founder-in-acquisition-case)