Investors in the South Korean crypto exchange are trying to get rid of their shares and Huobi is interested in the offer, local media reports.
Huobi plans to expand its presence in the South Korean market by purchasing Bithumb in accordance with local legislation, sources have reported.
Bithumb's offices have been receiving several visits from the police in recent months in connection with charges against the company's management team. In addition, Bithumb's litigation with the South Korean Tax Service, which wants to recover $67M from the platform, remains open.
Huobi acquired a controlling stake in the Japanese regulated market BitTrade in 2018 in order to launch Huobi Japan.
Chinese journalist Colin Wu has also reported that, in addition to Bithumb, Huobi might be trying to acquire bitFlyer.
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