Last week we stated that things were not looking good for Bithumb after two hacks in a year and a third-party audit revealed an $80 million loss in 2018. However, in the true fashion of the blockchain and cryptocurrency industry, the fortunes of the South Korean Cryptocurrency Exchange have suddenly drastically changed in a big way. With them now standing to benefit from a major investment fund worth $200 million. This will be awarded to their parent company, Blockchain Exchange Alliance from Japan’s ST Blockchain Fund. Which despite being Japanese based, has participating investors the world over. Bithumb is already one of the largest exchange platforms in South Korea, so this will these funds are likely to be used to help Bithumb expand onto the international market. It will also lead to new pairings, according to a press release shared by the investment fund itself. This is a piece of fantastic news for the team at Bithumb who, aside from QuadrigaCX, has probably had one of the worst starts to 2019 out of the whole crypto industry. It will be interesting to see whether the next news from Bithumb will be good or bad. However, we hope the only way is up for the outfit.