|More from: | The Next Web |||
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 have direct control over Bithumb.
Running BK is Kim Byung-gun, one of South Korea’s premier plastic surgeons and founder of
Read full article » https://thenextweb.com/hardfork/2018/10/12/bithumb-sold-plastic-surgeon/
About | The Next Web |
In 2006, founders Boris and Patrick were looking for a tech event to showcase their new startup. When they couldn’t find one that checked all the boxes they decided to host their own. As they were organizing things, they soon realized they needed somewhere to promote the conference, and that’s how thenextweb.com was launched. It later became a blog and the result is what you are looking at right now.
TNW was started to bring insight, meaning—and every now and again, the lulz—to the world of technology. But we didn’t want to stop there. Today the company has grown from those two parts to four pillars that brought forth TNW News, TNW Deals, TNW Conference and Events, our new tech hub called TQ and Index, our market intelligence platform.