According to the report of local Korean media, the country's largest cryptocurrency exchange by trading volume Bithumb was sold for 400 billion won, or $350 million dollars.
Bithumb sold more than 38 percent of its total ownership to BK Global Consortium. A Singapore based blockchain investment firm formed by BK Global. Another Bithumb investor BTC Holdings Company LAO agreed to sell a controlling stake of 51% of its 76 percent ownership to BK Global.
Thus, after all transactions will be completed BK will become the lead investor of cryptocurrency exchange and its biggest controller.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.