BK Global Consortium

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South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium

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The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb. Also read: 160 Crypto Exchanges Seek to Enter … Read more

Recently Hacked Bitcoin Exchange Bithumb Gets Sold for $353m

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Cryptocurrency exchanges play an increasing role of importance in this growing industry. Not all exchanges have an unblemished record, as Bithumb suffered from a hack not that long ago. Despite this setback, the company is coming under new management. BK Global Consortium successfully purchased the platform and its technology for the price of $353m. Bithumb … Read more