Plastic health practitioner and Startup Investor Buys $352 Million Stake in Korean Crypto exchange Bithumb

A group led with the aid of one in every of South Korea s main plastic surgeons Dr. Kim Byung Gun has made a principal investment in crypto trade Bithumb s holding manufacturer. Bloomberg stated the information Friday Oct. 12.The health care provider s BK world Consortium has closed a deal to accumulate 50 percent plus one share of BTC holding Co. – the largest investor in Bithumb s operator – for around 400 billion received ($352 million) Bloomberg reports citing a Bithumb spokesperson. The report states that BK global Consortium was already the fifth-largest shareholder of BTC holding.In step with Bloomberg s source the transaction is to be finalized in February 2019.Dr. Kim Byung Gun additionally based an preliminary Coin supplying (ICO) analysis firm in Singapore final year in step with a Korea Joongang everyday profile released in may. The organization reportedly ambitions to support individual traders distinguish between scams and promising venture units amid the health care professional s concern concerning the incidence of Ponzi schemes and different fraudulent offerings within the space.The profile outlines how the surgeon who is claimed to have made his fortune through investing in tech and bio startups has caught the blockchain fever. Bithumb is currently the arena s 2d greatest by using stated everyday traded quantity in keeping with CoinMarketCap.Prior this month Cointelegraph reported that the trade plans to open a worldwide decentralized crypto trade (DEX) with technical help from blockchain organization One Root community (RNT).