Bithumb's Lee Jung-hoon wins appeal in $8.7M lawsuit over failed BXA listing

Bithumb founder and former chairman of Bithumb Holdings, Lee Jung-hoon, has won an appeal in a lawsuit seeking 12 billion won ($8.7 million) in damages over the failed 2018 listing of the BXA coin, Chosun Biz reported. The case stemmed from a deal to sell a stake in the exchange. The court ruled that it was difficult to conclude that Lee's side had guaranteed the BXA coin would be listed on Bithumb.