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.to the South Korean publication Aju Daily, on FriAug.
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.As his narrative goes, in October 2018, Lee Jung-hoon discussed the purchase and joint management of the Korean exchange with the chairman of BK Group and the founder of a line of cosmetic surgery clinics, Kim Byung-gun.
Yet the token was never listed and the consortium didn’t take over Bithumb as it failed to pay the balance. KimLee in a Korean court in 2020. But even beforehand, in 2019, Lee accused his ex-partner of selling BXA tokens on his behalf in Singaporean court. Meanwhile, Bithumb casually continues its operation — in January 2022, it confirmed the development of a nonfungible token exchange that would