News reports surfaced on Tuesday from Heraldcorp Quoting sources in the investment banking industry, accounting giant Samjong KPMG is responsible for offering to sell cryptocurrency exchange Bithumb, at a price of at least 500 billion won (about $430 million), and potentially as much as 700 billion won (around $430 million). $604 million.

It is reported that some foreign financial investors and local private equity funds are interested in buying cryptocurrency exchange Bithumb.

But they will first have to go through a complicated process due to the uncertainties surrounding the platform, according to the same report.

Bithumb and its president, Lee Jong-hoon, are currently under investigation by the Seoul Metropolitan Police Agency.

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Lee Jong-hoon was previously accused of pre-selling Bithumb’s BXA tokens worth about 30 billion won (about $25 million) to investors, if not listed for trading on Bithumb, which led to investor losses.

Lee is also accused of smuggling property abroad.

Bithumb was previously offered for sale in 2018 to the BK Global Consortium, but that deal was canceled last October because the company’s president was unable to pay the full amount.

At the time, the selling price of Bithumb was reported to be around 400 billion won (about $345 million).

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