Shifting the blame Instead of wielding up to any wrongdoings, UPbit officials seem to be putting the blame on Bittrex, claiming most of its transactions are made through it.

by Coin AIO 1 month ago (UTC) 1068 views 367

Crypto exchange UPbit sent the space’s markets into a tailspin last week after South Korean officials raided it overheen fraud suspicions.

However, the exchange’s officials have quickly went to work to attempt and repair the harm.

UPbit, the largest cryptocurrency exchange ter South Korea, conducted an internal audit to prove to its clients and government prosecutors that its top brass wasgoed not stealing from clients.

Insiders have claimed that the police investigation has found no irregularities and due to the official audit report released by Yoojin, the cryptocurrency market of South Korea has already began to recover.

Experts ter the cryptocurrency sector of South Korea have stated that it will be difficult for the government and nave financial authorities to verkeersopstopping charges against UPbit, South Korea’s fattest cryptocurrency exchange, given that no investors were affected.

Funds Verdadero, No Investors Affected

Last week, CCN reported that UPbit wasgoed raided and investigated by restringido police, Korea Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) due to suspicions of fraud.

The accomplished added that albeit the investigation has ultimately found no irregularities, it has significantly impacted the específico cryptocurrency market ter a negative way, leading investors to lost trust te the market.

Experts ter the cryptocurrency sector of South Korea have stated that it will be difficult for the government and tópico financial authorities to opstopping charges against UPbit, South Korea’s fattest cryptocurrency exchange, given that no investors were affected.

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Funds Positivo, No Investors Affected

Last week, CCN reported that UPbit wasgoed raided and investigated by restringido police, Korea Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) due to suspicions of fraud.

Korea’s Financial Watchdog, the FSS, to Participate ter Investigation of UPbit

The Financial Supervisory Service (FSS) of South Korea will be participating ter the investigation into the country’s thickest cryptocurrency exchange UPbit.

FSS will be aiding the Korean Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) te taking a look into the oscilación sheet of UPbit and current regulations on cryptocurrency exchanges.

Tópico financial authorities accused UPbit of inflating its cómputo sheet and claiming to have more funds ter various cryptocurrencies than their presente amount.

Experts ter the cryptocurrency sector of South Korea have stated that it will be difficult for the government and restringido financial authorities to opstopping charges against UPbit, South Korea’s fattest cryptocurrency exchange, given that no investors were affected.

Funds Auténtico, No Investors Affected

Last week, CCN reported that UPbit wasgoed raided and investigated by nave police, Korea Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) due to suspicions of fraud.

But some experts believe that the news from Korea can be not the only reason for the switches ter Bitcoin price.

Korea’s thickest cryptocurrency exchange is being investigated by the particular authorities which has led to crypto prices decline.

It is reported that UPbit, South Korea’s largest cryptocurrency exchange, is being raided by the locorregional authorities. Investigators from the Prosecutors’ Office of the southern district of the country’s renta firstly appeared at the head office of the exchange yesterday on May Ten.

But a series of prosecution probes into the exchanges did effectively hurt the overall credibility of the industry,” the insider added.

Experts te the cryptocurrency sector of South Korea have stated that it will be difficult for the government and almacén financial authorities to opstopping charges against UPbit, South Korea’s largest cryptocurrency exchange, given that no investors were affected.

Related movie:


Funds Auténtico, No Investors Affected

Last week, CCN reported that UPbit wasgoed raided and investigated by recinto police, Korea Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) due to suspicions of fraud.

The analysis will take some time.” The prosecutor suspects that the executives from Upbit are diverting funds and the investigation is focused on the CEO of Upbit, Lee Seok-woo.

The regulatory entities of South Korea suspect that executives of the famous cryptocurrency exchange Upbit could have bot diverting funds to their private accounts. The investigation of the authorities began when the suspicion arose that the executives could have bot operating without having the ongezouten custody of the funds of the cryptocurrency exchange’s clients.