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.
Tomiwabold Olajide
Godfrey Benjamin