Former CEO of the Korean exchange released on bail in bribery case related to coin listing, paid a deposit of 50 million won to be released.

[Golden Finance] According to reports, Lee Sang-joon, the former CEO of a certain platform in the South Korean crypto exchange, has been granted bail after being detained for six months following his conviction. Lee Sang-joon was sentenced to two years in prison in the first instance for allegedly accepting bribes amounting to hundreds of millions of Korean won to list two crypto assets on the platform. He was released after being detained since December 2024. The bail conditions include restrictions on changing residence, not leaving the country without court approval, posting a deposit of 50 million Korean won (approximately $36,500), and prohibiting contact with involved parties.

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