Seoul court will hold a second trial for the chairman of Bithumb's board of directors on June 29th.

According to news from BlockBeats on May 22nd, citing legal sources, the Seoul High Court 5th Criminal Division will hold a second trial on June 29th for Lee Sang-jun, former chairman of Bithumb Holdings and Bithumb Korea board of directors. In January of this year, a Korean court ruled Lee innocent in the case involving fraud of 110 billion won, but the prosecution appealed the ruling. As previously reported by BlockBeats, on April 21st, the second financial investigation department of the Seoul Southern District Prosecutor's Office summoned and interrogated Lee Sang-jun, CEO of Bithumb Holdings, accusing him of accepting kickbacks in exchange for listing certain cryptocurrencies on the Korean crypto exchange platform.