Bithumb Documents Implicate Ex-CEO Lee in Crypto Listing Scandal

• Internal Bithumb documents implicate former CEO Lee Sang-joon in crypto listing decisions.
• Lee denies involvement, but records suggest he may have influenced listings of DOGE and KLAY.
• Bithumb’s de facto owner, Kang Jong-hyun, and others face charges.

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.

The filings suggest that Lee, alongside 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).

Though the document author’s identity remains confidential, Heo claimed the committee’s former chairman may have written it. 

Lee Denies Accusations, but Documents Cast Doubt

Lee has since 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.

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