TechFlow news — Regarding the report that "Huobi plans to acquire Bithumb," Doo Wan Nam, MakerDAO's representative in Korea, believes it is unlikely that Huobi will actually purchase Bithumb. He explained three reasons to TechFlow:
1. Bithumb's equity structure is highly complex, with ongoing legal disputes and government investigations into fraud allegations.
2. If under regulatory pressure, Huobi Korea could simply delist Korean won fiat trading pairs, just as OKEx Korea did.
3. Bithumb is expensive—the last acquisition attempt cost $350 million. (Note: The deal ultimately failed.)
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