Superstar plastic surgeon buys major South Korean cryptocurrency exchange

Just weeks before regulators decide the fate of domestic initial coin offerings (ICOs), one of South Korea’s largest cryptocurrency exchanges is changing hands. A consortium led by a superstar plastic surgeon has just bought a controlling stake in Bithumb for $353 million. Bithumb will now be directly managed by Singapore-based investment group BK Global Consortium, after it purchased a 50-percent stake (plus one share) from its largest shareholder, BTC Holdings Co., Bloomberg reports. To confuse matters, BK Global is also a major shareholder in BTC Holdings. BK Global have effectively ‘doubled-down’ on its investment, by selling itself enough shares to…

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Source:: The Next Web – Technology


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