Plas­tic sur­geon buys top S. Korea Bit­coin ex­change

Daily Sabah (Turkey) - - Business -

A CON­SOR­TIUM led by a prom­i­nent Seoul plas­tic sur­geon pur­chased a con­trol­ling stake in South Korea’s largest cryp­tocur­rency ex­change, re­ports said Fri­day. The hy­per-wired South has emerged as one of the world’s top Bit­coin mar­kets, at one point ac­count­ing for more than 20 per­cent of global bit­coin trans­ac­tions - about 10 times the coun­try’s share of the global econ­omy. Sin­ga­pore-based BK Global Con­sor­tium bought a 50-per­cent stake plus one share in Bithumb, the coun­try’s big­gest vir­tual cur­rency ex­change, from share­holder BTC Hold­ings for about 400 bil­lion won ($353 mil­lion), Yon­hap news agency and other South Korean me­dia said, cit­ing in­dus­try sources. Bithumb has more than a mil­lion cus­tomers but suf­fered a dev­as­tat­ing hack­ing at­tack in June that left more than $30 mil­lion worth of cryp­tocur­rency stolen.

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