South Korean banking giant Hana is acquiring a $670 million stake in Dunamu, the company behind Upbit crypto exchange.
In a Friday regulatory filing, Hana Bank disclosed that it will buy 2.28 million shares in Dunamu from Kakao Investments with 1.003 trillion Korean won ($669.2 million). Hana Bank is using 2.78% of its own equity for this cash transaction.
The acquisition, set to take place on…