The largest exchange in South Korea Bithumb sold more than 38% of its shares to Singapore blockchain-BK consortium Global Consortium. The amount of the transaction amounted to 400 billion Korean won (~$354 million).
Officially, the sale was held yesterday, October 11. It is known that venture capital Association, bought the share owned by the group of medical companies, specializing in plastic surgery BK Group.
Under the deal, other institutional shareholder Bihumb, BTC Holdings Company, BK lost half of its share (i.e. 38% of all shares), plus one security. Thus, the BK Group Consortium became the owner of a controlling stake. The main shareholder, in turn, became the Chairman of BK Group, plastic surgeon Kim Byung gun (Kim Byung Gun).
According to CoinDesk in August, Kim opened a consulting company on the issues of the ICO and the host platform for the initial placement of tokens.
The closing of the transaction occurred on the day after the launch of two new indexes Bithumb: Bithumb Market Index (BTMI) and Bithumb Altcoin Market Index (BTAI). BTMI tipovye takes into account all the assets that are traded on the stock exchange; BTAI covers only altmin-offers Bithumb.
Amid sesti and deal with BK Group Consortium, as well as the report of the shareholders of the almost complete overlap of the losses from a hacker attack in June, daily trading volume on Bithumb exceeded 45%. Recall that in June hackers have stolen digital assets in the amount of $40 million (at current exchange rates). For the first half of 2018 the stock exchange managed to earn $35 million.
