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Insider: South Korean cryptocurrency exchange Gopax signs equity purchase agreement with new acquirer.
2023-08-25 08:46:13
Odaily News: According to insiders, a South Korean cryptocurrency exchange has signed an acquisition agreement with Gopax to acquire a majority stake. Therefore, the major shareholder of Gopax may become the new acquirer. The details of the acquisition have not been disclosed, but Gopax is expected to officially announce this news next week.



However, an employee at Gopax denied this and stated that they cannot confirm the acquisition.



It is reported that Binance's acquisition of Gopax has been hindered by regulatory pressures from the Financial Services Commission (FSC) in South Korea and the U.S. SEC. In fact, Binance has entered the final stage of completing the acquisition transaction, but the SEC's lawsuit has made it difficult to proceed with the acquisition plan.



On August 24th, Gopax announced that it will make a second round of payments to all users, expecting to pay 37.31% (approximately 20 billion Korean won) of the remaining unpaid total (approximately 52.5 billion Korean won) as well as the corresponding fixed interest.