Officials at Top Korean Cryptocurrency Exchange Upbit Indicted for Fraud

Officials at South Korea’s largest cryptocurrency exchange, Upbit, have been indicted for fraud. They allegedly made bogus crypto orders worth approximately $226 billion and sold 11,550 BTC to around 26,000 investors. Upbit has denied the charges and insisted that it did not commit fraud, engage in wash trades, or trade cryptocurrencies it did not own.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Original source
https://news.bitcoin.com/korean-cryptocurrency-exchange-upbit-fraud/

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