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VIP Wealth Hub
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Top asset management team helps you profit without hassle
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The founder of Dunamu, South Korea's largest encryption exchange, has joined the ranks of billionaires through a $13.6 billion acquisition deal.
According to ChainCatcher news and Bloomberg reports, the founders of South Korea's largest crypto assets exchange Dunamu Inc., Song Ji-hyung and Kim Hyung-nam, agreed last week to sell the company to the fintech division of Naver Corp., with the deal being conducted entirely in stock. According to the Bloomberg Billionaires Index, in this merger deal valued at $13.6 billion, Song Ji-hyung will receive a 19% stake in the combined entity, worth $2.7 billion; Kim Hyung-nam will receive a 10% stake, worth $1.4 billion, thus placing both of them among the world's wealthiest individuals.