Fraud

South Korean prosecutors have indicted Lee Jung-hoon – the former chairman of Bithumb Holdings, the parent company of Bithumb Korea, which operates Bithumb’s crypto exchange –...

The scheme allegedly included offering bitcoin at “half market price.”

Virgil Capital founder Stefan Qin lied to investors and siphoned off millions to fund a lavish lifestyle.

If convicted, the two men face a maximum of 10 years in prison, caning and fines.