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Cryptocurrency Exchange Bithumb Sold For $354 Mln

  • Paul Hackley
    πŸ“° News

    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
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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.

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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