Reading Time: 2 minutes Former Bithumb Korea Chairman Lee Jung-hoon has been handed to prosecutors in the fraud case against him Lee was involved in the failed takeover of Bithumb Korea in 2018 and 2019 Investors lost over $25 million when the sale collapsed The former chairman of Bithumb Korea, Lee Jung-hoon, has been handed over to prosecutors who are investigating a potential fraud case against him. According to Coindesk Korea, Lee could face charges of defrauding investors in relation to a failed takeover of the exchange in 2018-19 which saw investors lose out on more than $25 million when the buyer pulled out.
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