1. New Evidence Against Lee Sang-joon
2. Lee’s Denial and Questionable Documents
3. Charges Against Other Individuals

Internal Bithumb documents present new evidence in the case against former CEO Lee Sang-joon. These documents raise questions about his possible involvement in cryptocurrency listing decisions on the platform.

New Evidence Against Lee Sang-joon

Prosecutors have presented internal Bithumb documents as new evidence in their case against the exchange’s former CEO, Lee Sang-joon. The documents, dated May 10, 2021, were submitted to a South Korean court where Lee is facing charges related to cryptocurrency listings on the platform.

Lee’s Denial and Questionable Documents

Lee has denied the accusations, stating he lacked the authority to make listing decisions. However, the documents cast doubt on his claims, indicating he may have played a role in the listing process.

Charges Against Other Individuals

Bithumb’s de facto owner, Kang Jong-hyun, and others also face charges. Former Bithumb Korea CEO Heo Baek-young and the former chairman of Bithumb’s token listing review committee may have been involved in decisions regarding the listing of Dogecoin (DOGE) and Klaytn (KLAY).

Thus, the presented documents raise new questions about Lee Sang-joon’s role in cryptocurrency listings on Bithumb and highlight important issues regarding other individuals involved in the case.