UpBit Raided By Local Police for Fraud – Crypto Market Drops

upbit raided by local police for fraud crypto market drops

South Korea’s largest cryptocurrency exchange, UpBit, was raided by ten investigators and local police for alleged fraud this morning. Chosun, a local news source, was the first to report on the incident. Upbit is currently the fourth largest cryptocurrency exchange in the world by 24-hour trade volume. The company has responded saying that all customers’ assets kept on their platform are safe, and all trades and withdrawals are running normally. UpBit has released the following statement on its website: “Upbit is currently under investigation by the prosecution, and we are working diligently.…

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