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Bithumb eyes IPO in 2025 amid regulatory hurdles
Bithumb is reshaping its position as a digital currency exchange with plans to go public in South Korea in 2025, enlisting Samsung Securities as its underwriter.
Bithumb is reshaping its position as a digital currency exchange with plans to go public in South Korea in 2025, enlisting Samsung Securities as its underwriter.
The court's decision to absolve Lee Jung-Hoon comes a week after Bithumb's biggest shareholder was found dead while under investigation for embezzlement and stock price manipulation.
The massive losses incurred by investors over Bithumb's failure to list BXA tokens and acquire BK Group warrants an eight-year prison term for the former's de facto chairman, the prosecution says.
In addition to the alleged ICO fraud, Lee Jung-hoon is also under investigation for alleged fraud, tax evasion and transferring assets out of South Korea irregularly, authorities said.