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Crypto Exchange Bybit Spends $3.8M on Bithumb Shareholder T-Scientific’s Convertible Debt

Singapore-based Bybit bought almost a third of the 16 billion won of convertible debt T-Scientific issued at the end of last month. T-Scientific (057680) is listed on the South Korean stock exchange. Convertible debt is a fixed-income security that pays interest but can be converted into equity under certain conditions.