According to Digital Asset, on the 29th, the Seoul Southern District Court in South Korea issued a first-instance verdict in the case accusing Li, the actual operator of QBZ (QueenBeeCoin) operator QueenBeeCompany, of assisting a shaman, Jeon Seong-bae (Monk Geonjin), in violating the Political Funds Act. Li and the other 4 defendants were all found not guilty. The court held that the 100 million won in this case could not be determined to be political funds, and the relevant funds had not been proven to have been actually delivered to related figures of the People Power Party, including Freedom Korea Party lawmaker Yoon Han-hong. The accused Jeon Seong-bae was also acquitted of the fraud-related charges. In addition, Li is also involved in other cases, including a 300 billion won-scale cryptocurrency fraud, bribing the media, and intentionally disclosing the police’s possession of BTC, which are still under review.