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Bithumb adds support for BNB token

Bithumb has added the binance coin (BNB) token to its listing. The South Korean exchange announced this in its official blog. According to the announcement, users of the exchange will be able to trade BNB token paired with Korean Won and Bitcoin.

The exchange has not officially disclosed the reason for listing BNB. However, earlier local media reported that Binance could take over Bithumb. In addition to Binance, Morgan Stanley, JP Morgan, Huobi, Nexon and Visa also appeared among potential buyers of the exchange.

Rumors about the takeover of Bithumb began to spread actively in the Korean media after local authorities suspected the chairman of the crypto exchange of fraud. Last September, Seoul police summoned ex-cryptocurrency exchange chairman Lee Jong Hoon for questioning on suspicion of large-scale fraud. Lee was reportedly suspected of fraud in the amount of about $ 25 million.

However, Bithumb said the exchange is no longer doing business with Lee. The fears of Bithumb investors are related to the fact that the exchange may not receive the approval of the local regulator due to the prosecution of the largest shareholder of the crypto exchange.

 

“Bithumb has nothing to do with the BXA case, in which a certain shareholder is involved,” the exchange officials said.

 

Recall that the Seoul police suspect Lee Jong Hoon of having sold native tokens of the Bithumb exchange (BXA) in the amount of $ 25 million to investors, and then refused to add them to the list of traded assets on the exchange. As a result, investors suffered losses. Previously the exchange held a closed round of the sale of BXA tokens as part of the purchase of the exchange by the BK Group, but the deal never took place. Lee is also suspected of tax evasion on overseas property.

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