Nexon rejects claims of its intentions on buying Bithumb

Rumor had it that last week, a South Korean video game company had made a generous offer to buy an exchange for approximately $460 million.

Share

Nexon, the giant Korean gaming company, which had been claimed by the local media to be willing to purchase Bithumb exchange, rejected the claim.

Sending an email to cointelegraph, Nexon clarified that they have no intention of acquiring Bithumb Company and that they cannot talk about other companies’ plans.

Having said that, selling Bithumb seems to have been on the agenda since last August which was followed by the initial bidding which was held in the following month (September). It’s interesting to mention that this issue doesn’t seem to be really clear as police investigations are being carried out involving Bithumb board and Bithumb holdings chairman, Mr. Lee Jung Hoon.

In the meantime, there’s another ongoing investigation regarding an executive of Bithumb taking place under the fraud allegation which will jeopardize the future of Bithumb including its intention to secure a crypto company and launch an IPO.

It’s funny that the exchange’s popularity hasn’t been touched despite two police raids. What’s more, according to CoinMarketCap, it’s a giant in the industry coming in sixth globally in terms of the volume of the daily trading.

Categories

Crypto Currency(5)

Latest News

DeFi’s locked ETH is about twice as much as that of the exchanges according to Glassnode

Since the start of 2020, DeFi protocols have had a rise of 75% in their amount of locked ETH while over the same period, centralized exchanges share of ETH has ...

MAY 07, 2021

The proposal to add to staking rewards led to a twofold increase in EOS value

EOS saw a 100% rise in its value after it proposed to add to its staking rewards and raise the inflation rate. ...

MAY 06, 2021

Bitcoin bonuses instead of cash for MicroStrategy board of directors

Paying cash as a bonus seems to be out of the window for the MicroStrategy directors’ board. ...

APR 12, 2021

Once again Ripple triggers a weekend pump and shines among the altcoins

APR 10, 2021 Once again Ripple beats SEC and they celebrate it with a big pump. ...

APR 10, 2021

Tags

Cryptocurrency exchange

Tags

Cryptocurrency exchange