TechFlow news, December 23 — According to South Korean media outlet Bloter, the sale of Streami, the parent company of South Korean cryptocurrency exchange Gopax, has encountered obstacles due to the rising price of Bitcoin. Megazone disclosed that it is still negotiating the acquisition of cryptocurrency exchange GoPax (Streami). "Our official stance is that there has been no final decision regarding the cancellation of the GoPax acquisition."
It is reported that Binance has been in talks with MegaZone over the sale of its 57.46% stake in GoPax (excluding its 10% share), aiming for re-filing; however, the process has stalled due to unclear debt levels at GoPax. The debt is collateralized by Bitcoin prices, which have continued to rise, thereby increasing the overall debt burden.
