A majority stake in South Korean exchange Bithumb has been sold for $354 million to a consortium led by a plastic surgeon, a company spokesman said on Friday.
On Thursday, the head of the BK Global Consortium, a plastic surgeon and blockchain investor from Singapore, Kim Byung-gun, signed a document to purchase 50% plus one share of the company from the largest shareholder of the exchange, BTC Holdings, for 400 billion won (approximately $354.09 million).
After the deal was concluded, BK Global Consortium became the largest shareholder of the Bithumb exchange. It is this consortium that will have a decisive say in all matters related to the further development of the site.
Kim is the head of the Singaporean company BK Medical Group, which is engaged in plastic and cosmetic surgeries in South Korea and Singapore, and is also an investor in blockchain startups.
Earlier this year, the Bithumb exchange was attacked by hackerswho managed to steal about $32 million from her accounts.
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