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I saw the news yesterday that Bithumb Live has finally gone bankrupt. They had announced a temporary closure last year, and things kept getting worse, so this is the result. Bithumb was trying to diversify their business with live commerce, but it seems Bithumb Live didn't really take off.
It looks like it's not easy for cryptocurrency exchanges to get involved in live commerce as well. There were also suspicions of embezzlement involving Bithumb Live's CEO, and multiple issues piled up. Since there's a creditor meeting scheduled for next month, it seems they're entering the formal liquidation stage. With major companies like LG Uplus, SK Telecom, SK Magic, and Lotte Card listed as creditors, this process is likely to be complicated.
In cases like Bithumb Live, it seems that sticking to the core business is really important. What does everyone think?