Plastic Surgeon Invests US$352 Million in Crypto Exchange Bithumb

Cryptocurrency investors cut across just about every possible field, from academic institutions to sports, and even to health establishments. BK Global Consortium, a group led by one of South Korea’s best plastic surgeon, Dr. Kim, just consolidated this fact with a massive investment in crypto exchange Bithumb.
According to reports by Bloomberg on Friday, October 12, a spokesperson from Bithumb acknowledged the Surgeon’s group had made a whopping investment of 400 billion Won (approximately US $352 million) into the crypto exchange’s holding company. The deal makes BK Global Consortium the largest investor in Bithumb’s parent company and sees them having 50 percent plus a share in BTC Holding Co. once the transaction is completed. The deal, however, was not made out of the blue, as Bloomberg confirmed that Dr. Kim’s group was already the fifth largest shareholder of Bithumb’s operator before the offer was made.
According to reports, the wealthy South Korean plastic surgeon has a solid history in cryptocurrency related issues and technology in general, after making the bulk of his wealth by investing in technological and bio startups. As evidenced by his profile on Korea Joongang Daily, the doctor had earlier established an ICO analysis firm in a bid to curb the increasing fraud among false initial coin offerings fundraisers. The establishment is meant to assist potential investors from telling the difference between fraudulent scams and “promising project models.”
It is also the Daily profile, last curated in May, which sheds light on how the health professional made his fortunes by investing heavily in the technological space.
The popular crypto exchange, which plans to open a global decentralized exchange (DEX) soon, is according to CoinMarketCap, the second biggest crypto trade platform in the world as of the moment.
BK Global Consortium deal is still in process and is set to be concluded by February 2019.

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