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Cryptocurrency Exchange Bithumb Sold For $354 Mln

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Fri, 12/10/2018 - 9:49
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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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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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