Main gaming conglomerate Nexon is not going to be buying main South Korean crypto alternate Bithumb, as beforehand alleged in native media.
In an e mail to Cointelegraph, a consultant for Nexon stated 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’t touch upon the funding plans of different corporations,” the consultant added.
The possible sale of the alternate 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 sophisticated 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 alternate’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 at the very least two police raids of the alternate’s places of work linked to those investigations, the alternate stays common within the Korean crypto market and is at the moment the sixth largest platform within the trade worldwide by each day traded quantity, in accordance with CoinMarketCap information.