Bithumb’s $350 Million Acquisition is All Set to Be Canceled

Bithumb

Over the course of the past few years, the crypto ecosystem in South Korea has grown quite quickly and one of the better-known crypto exchanges to have emerged during that time is Bithumb. Last year in October, the Korean crypto exchange had reached an agreement on an acquisition deal, but that has fallen through due to apparent payment difficulties.

Due to the snafu, it has now emerged that some overseas investors are going to save the day and acquire the exchange. BK Consortium had agreed to acquire a 50% stake in addition to one solitary share ...

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