Two Billionaires Emerge From One of Crypto’s Largest Deals

After 13 years of running South Korea’s largest cryptocurrency exchange, Song Chi-hyung and Kim Hyoung-nyon have cemented their spots among the world’s wealthiest.

Last week the pair agreed to sell their company, Dunamu Inc., to the fintech arm of Naver Corp. in an all-stock deal. Song will emerge with a 19% stake worth $2.7 billion and Kim with 10%, valued at $1.4 billion, according to the Bloomberg Billionaires Index, using the valuation of $13.6 billion for the combined entity that was disclosed in company documents.