Bithumb Cryptocurrency Exchange May Sell For $ 600M South Korean cryptocurrency exchange Bithumb is up for sale again. It is reported by the Herald Corporation, citing sources in the banking industry.

Bithumb cryptocurrency exchange could be sold for $ 600 million

South Korean cryptocurrency exchange Bithumb is up for sale again. It is reported by the Herald Corporation, citing sources in the banking industry..

The accounting firm Samjong KPMG is believed to be leading the process. Exchange selling prices are called different. They can range from 500 billion won ($ 430 million) to 700 billion won ($ 600 million).

Some foreign investors and domestic private equity funds are interested in the proposal, sources said. However, they face complex procedures due to the current problems of Bithumb..

Bithumb and its chairman Lee Jung Hoon are involved in a police investigation in Seoul. They are accused of selling the 30 billion won ($ 25 million) BXA token and subsequently refusing to list it, causing large losses for investors. Lee also accused of hiding property abroad.

Bithumb was already listed for sale in 2018. The buyer was supposed to be BK Global Consortium, but the deal did not take place due to the fact that it could not provide the required amount. Bithumb was then allegedly valued at 400 billion won ($ 350 million).

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