According to reports from Digital Asset, Lee Sang-joon, the former CEO of Bithumb, was sentenced to two years in prison in the first trial for accepting bribes in virtual currencies XYDO and QVING (such as luxury watches and premium memberships). On June 11, he was granted bail by the Seoul High Court, ending his detention of nearly six months since December 2024. Bail conditions include restrictions on leaving the country, prohibiting contact with individuals related to the case, and a deposit of 50 million Korean won. The actual controller of Vidente, Kang Jong-hyun, and former golfer Ahn Sung-hyun were also granted bail in the same case.