Cryptocurrency Exchange Bithumb Sold For $354 Mln

Paul Hackley
South Korean crypto exchange Bithumb was sold for $354 mln to BK Global Consortium, led by Kim Byung-gun, a plastic surgeon and Blockchain platform investor
Cryptocurrency Exchange Bithumb Sold For $354 Mln
Cover image via U.Today

South Korean cryptocurrency exchange Bithumb was sold for $354 mln to BK Global Consortium, led by Kim Byung-gun, a plastic surgeon and Blockchain platform investor.

The deal signed on Thursday made BK Global Consortium the largest stakeholder of Bithumb with 50 percent plus one share bought from BTC Holdings for 400 billion won ($354.09 mln).

Kim Byung-gun is the head of Singapore-based BK Medical group with plastic and aesthetic clinics in Singapore and South Korea.

Earlier this year, the exchange has been hacked and around $32 mln worth of cryptocurrency was stolen.

About the author

Paul Hackley is a journalist and essayist, focusing on blockchain and cryptocurrencies, with a strong interest in the future of the technology.