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S.Korea crypto exchange Bithumb sold for $354 mln to plastic surgeon-led group


Reuters


SEOUL, Oct 12 (Reuters) - South Korean major cryptocurrency exchange Bithumb was sold for about $354 million to a consortium led by a plastic surgeon, a spokesman for the bourse said on Friday.

BK Global Consortium, led by Kim Byung-gun, plastic surgeon and blockchain platform investor, signed a deal on Thursday to buy 50 percent plus one share in the exchange's biggest stakeholder, BTC Holdings, for about 400 billion won ($354.09 million), the spokesman said.

The deal makes BK Global Consortium the largest stakeholder of Bithumb.

Hackers breached into Bithumb, one of the country's biggest virtual currency exchange, earlier this year and stole about $32 million, sparking concerns over security risks of trading the digital asset.

($1 = 1,129.6700 won)




This article appears in: Politics , World Markets , Stocks



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