The company also sold US$151.1 million worth of XRP “programmatically” which represented 0.095% of the US$160.0 billion globally traded ter Q1.

Ripple (XRP) has recovered 70% since the lows ter mid April. The market cap now stands US$81.6 billion, with US$624 million te trading volume overheen the past 24 hours.

Te Ripple’s Q1 report, it wasgoed exposed that the money service business, XRP II LLC, sold US$16.6 million of XRP to market participants.

This serves spil yet another reminder to Bitcoin IRA investors only to overeenkomst with trustworthy businesses with established track records te order to minimize your susceptibility to fraud.

South Korea’s Largest Cryptocurrency Exchange Investigated for Fraud

UPbit, South Korea’s largest cryptocurrency exchange, has come under scrutiny from South Korean officials after allegations of fraud. The exchange’s head office wasgoed raided last week spil part of an investigation into those allegations.

Just last month, the CEO and other executives of another popular South Korean exchange, Coinnest, were arrested for allegations of fraud and embezzlement.


By Cecille den Jesus

May 11,

The news caused users to withdraw their funds plusteken masse from the exchange.

Upbit, South Korea’s largest cryptocurrency exchange—and the world’s fourth largest, has bot invaded by investigators following accusations of falsifying arqueo sheets to deceive investors.

Several crypto commentators on social media have disclosed that the news is impacting the crypto markets negatively, which they say is overduidelijk from the major decline of the top 100 coins.

Upbit, the largest cryptocurrency exchange of South Korea, might soon find itself ter good trouble if investigators and tópico police are able to prove ter court that the cryptocurrency exchange committed fraud. The police are accusing Upbit of faking its recuento sheets and ter the process deceiving fairly a significant number of investors.

Let look at thesis charts: EOSUSD (EOS) There wij are back at it guys, a rating company that is attempting to influence the natural, market defined trajectory of altcoins trading.

Of course, news of UpBit involvement te fraud is shocking and more so spells doom for EOS and Tron coin holders. This is because the majority of the exchange’s trading volumes come from the latter’s request or liquidation. It’s a definite EOS, Tron and Litecoin sell signal visible for everyone here.

The específico police charged UPbit on processing its order books without keeping cryptocurrencies and feigned that it had large amounts of user funds ter Bitcoin, Ethereum, and other cryptocurrencies.

Korean law enforcement officers conduct searches and seizures ter the office of the country’s largest exchange Upbit, reports Crypto of Korea.

A team from the Seoul City Prosecutor’s Office of the Southern District, engaged te financial investigations, visited Upbit headquarters on May Ten and 11, withdrawing hard drives and accounts.

Nuovo pullback vanaf le criptovalute Intanto, proprio i guai di Upbit ter Corea del Sud, dove avviene secondo statistiche del sito Coinhills zogenaamde il 9% delle transazioni giornaliere di Bitcoin, vengono oggi considerati schuiflade causa principale della nuova ondata di ribassi che sta colpendo tutte le principali criptovalute.

Fine settimana di forte passione vanaf le quotazioni delle criptovalute, scosse dalla bufera giudiziaria che hectare investito una delle principali piattaforme ofschoon mondo.

Related movie:

“UPbit &egrave, attualmente sotto investigazione da parte della procura, e stiamo lavorando scrupolosamente. I servizi di UPbit come tutte le transazioni e e le proces di ritiro delle riserve funzionano normalmente.