[WeHub, the holding company of the largest shareholder of Busan Digital Asset Exchange, to acquire crypto exchange Flybit] According to Digital Asset, WeHub, the holding company of the largest shareholder of South Korea's Busan Digital Asset Exchange, will expand its business into virtual assets by acquiring cryptocurrency exchange Flybit. WeHub and its largest shareholder, JM Coffee Group Chairman Yang Jae-seok, have agreed to the acquisition deal, though the transaction amount has not been disclosed. After the acquisition, WeHub will hold a 40% stake in Flybit, Yang Jae-seok will hold 25%, and Flybit CEO Kim Seok-jin will retain 15%. Additionally, Flybit's market share has declined due to its failure to secure a Korean won real-name account.