UpBit Crypto Exchange Executives Indicted for Market Manipulation48

South Korea’s largest cryptocurrency exchange, UpBit, faces criminal charges after top executives were formally indicted by the country’s legal prosecutors, as reported by Business Korea on December 21, 2018.

Three senior exchange executives, including founder Song Chi-Hyung, were arrested by local authorities on charges of fraud. The arrests come after complaints were filed against the company by investors who analyzed UpBit’s trading activities. In particular, the claims refer to a set of transactions between Sept. 2017 and Dec. 2017.

Original source

Add comment

Please Sign in to be able to leave comments.