PANews reported on June 12 that according to Digital Asset, Lee Sang-joon, former CEO of South Korean crypto exchange Bithumb, was released on bail after being detained for six months for conviction. Lee Sang-joon was sentenced to two years in prison in the first instance for allegedly accepting hundreds of millions of won in bribes to list two cryptocurrencies on Bithumb. He was released after being detained since December 2024. The bail conditions include restrictions on changing residence, not leaving the country without court approval, paying a deposit of 50 million won (36,500 US dollars), and prohibiting contact with persons involved in the case.