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Mammoth $300 Million Crypto Exchange Bithumb Deal Is Going Bust

Nearly one year after it was announced that South Korea’s largest cryptocurrency exchange, Bithumb, would be sold to BK Global Consortium for 400 billion won ($333 million), the deal appears to be going nowhere. The acquisition, which would see BK Global Consortium purchase a 50 percent stake and one share, was originally announced by Bithumb operator BTC Korea Holdings on October 12, 2018. The purchasing company also put down $100 million as a down payment and had plans to create its own...

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