BlockBeats news, on December 23, according to Korean media Bloter, due to the rise in Bitcoin prices, the parent company of the South Korean cryptocurrency exchange Gopax, Streami, encountered obstacles during the sale process to Megazone. Megazone revealed that it is still negotiating the acquisition of the cryptocurrency exchange GoPax (Streami). "Our official stance is that there is currently no conclusion regarding the cancellation of the acquisition of GoPax."
It is reported that Binance has been negotiating with MegaZone to sell 57.46% of GoPax shares (excluding its 10% stake) in order to refile, but the deal has been hindered by the unclear scale of GoPax's debt. The debt is secured against the price of Bitcoin, and with the continuous rise in Bitcoin prices, the scale of the debt has increased.
