The current crypto market downturn sent the prices of Bitcoin (BTC), Ether (ETH), and other coins tumbling down from their all-time highs last year. However, it also set the stage for cash-rich firms to embark on an acquisition spree as they hunt for embattled crypto firms currently selling at a fraction of their former prices. For instance, Sam Bankman-Frieds FTX has been busy closing deals to acquire a stake in various troubled crypto firms amidst the downturn of the cryptocurrency market. Its latest target appears to be Bithumb, a crypto exchange in South Korea. On Tuesday,…
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