Main gaming conglomerate Nexon is not going to be buying main South Korean crypto change Bithumb, as beforehand alleged in native media.In an e-mai
Main gaming conglomerate Nexon is not going to be buying main South Korean crypto change Bithumb, as beforehand alleged in native media.
In an e-mail to Cointelegraph, a consultant for Nexon mentioned that the agency “has not invested in Bithumb and has no plans to accumulate that firm.” The e-mail clarified that claims on the contrary had resulted from “an inaccurate information account final week.” “We can not touch upon the funding plans of different corporations,” the consultant added.
The possible sale of the change has reportedly been on the agenda since late August 2020, with preliminary bidding ostensibly held in September. But the method, if underway, seems to be difficult by the ongoing police investigation involving Lee Jung Hoon, chairman of board at Bithumb Korea and Bithumb Holdings.
A parallel investigation right into a Bithumb government over allegations of fraud has additional raised a query mark over the change’s prospects of securing a legally required registration as a crypto entity with the Korean authorities, in addition to alleged plans to launch an preliminary public providing, reported in June 2020.
Regardless of not less than two police raids of the change’s workplaces linked to those investigations, the change stays in style within the Korean crypto market and is at the moment the sixth largest platform within the trade worldwide by every day traded quantity, based on CoinMarketCap knowledge.