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.

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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.

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Cryptocurrency exchange