Live Breaking News & Updates on Bithumb Holdings Ltd

SINGAPORE, Dec. 7, 2022 /PRNewswire/ Singapore-based global digital financial company BTHMB Holdings has won a civil suit filed in June 2019 against its former managing director, Dr. Kim Byung-Gun for USD17 Million. Dr. Kim, a prominent Singaporean plastic surgeon who is a founder and director of BK Hospital and BK Medical Group in Singapore, is also a blockchain investor who operates the Initial Coin Offering (ICO) platform by issuing ICC coins in Singapore in late 2018. This year, the Singapore court has ruled for Dr. Kim to pay to BTHMB, a Singapore company, USD17,166,912.76 as sale proceeds of BTHMB-issued BXA Coin. BTHMB is a global digital financial company based in Singapore. In 2018, it was widely reported that Dr. Kim had agreed to acquire, through various corporate transaction documents and corporate vehicles, a majority shareholding in Bithumb Korea Co Ltd which owns the biggest cryptocurrency exchange in Korea, the Bithumb Exchange. As part of the acquisition, BTHMB was t ....

Kim Byung , Singapore High Court , Bithumb Holdings Ltd , Bithumb Korea Co Ltd , Bithumb Exchange , Bk Medical Group , Kim Byung Gun , Initial Coin Offering , Dec 7 , 022 Prnewswire Singapore Based Global Digital Financial Company Bthmb Holdings Has Wona Civil Suit Filed In June 2019 Against Its Former Managing Director , R Kim Byung Gun For Usd17 Million Dr , A Prominent Singaporean Plastic Surgeon Who Isa Founder And Director Of Bk Hospital Medical Group In Singapore , S Alsoa Blockchain Investor Who Operates The Initial Coin Offering Ico Platform By Issuing Icc Coins In Singapore Late 2018 This Year , He Singapore Court Has Ruled For Dr Kim To Pay Bthmb , A Singapore Company , 912 76 As Sale Proceeds Of Bthmb Issued Bxa Coin Isa Global Digital Financial Company Based In Singapore 2018 , T Was Widely Reported That Dr Kim Had Agreed To Acquire , Hrough Various Corporate Transaction Documents And Vehicles , A Majority Shareholding In Bithumb Korea Co Ltd Which Owns The Biggest Cryptocurrency Exchange , He Bithumb Exchange As Part Of The Acquisition , Thmb Was To Raise Equity And Sell Bthmb Issued Bxa Coins Dr Kim Also Separately Required Transfer The Full Sale Proceeds Of Coin In His Possession , Ut Failed To Do So Despite Repeated Requests By Bthmb Ownership Of Bxa Coins Ina Judgment Published In August 2022 Concerning 39s Claim For The Coin Sale Proceeds Held Dr Kim , He Singapore High Court Rejected Dr Kim 39s Defences For Failing To Account And Transfer The Bxa Coin Sale Proceeds Bthmb Amongst Others , He Judge Found That Under The Contractual And Company Documents , R Kim Did Not Own The Bxa Coins That Were Sold And Consequently Sale Proceeds Held By Him Had Also Been Gifted To Dr For Free As Regards 39s Allegations Of Beinga Victim Fraud Perpetrated One Mr Jh Lee , He Former Chairman Of Bithumb Korea Co Ltd 39s Parent Company Holdings ,