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Cryptocurrency Exchange Bithumb Sold For $354 Mln

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Fri, 12/10/2018 - 9:49
Cryptocurrency Exchange Bithumb Sold For $354 Mln
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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.

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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.

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