Upbit

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Upbit is a South Korean cryptocurrency exchange.

History[edit]

Upbit launched on October 24, 2017 with the help of their partnership with American cryptocurrency exchange Bittrex.[1]

On May 10, 2018 its main office was raided as part of a fraud probe.[2]

On December 21, 2018 three Upbit officials were indicted for allegedly making fake orders. The exchange has denied the allegations.[3][4][5]

References[edit]

  1. ^ "Korea's Largest Cryptocurrency Exchange 'Upbit' Starts Providing Open Beta Services". BusinessKorea. October 25, 2017.
  2. ^ "Bitcoin Prices Slide as South Korea's Largest Crypto Exchange Gets Raided". The Wall Street Journal. May 11, 2018.
  3. ^ "Upbit indicted for issuing fake cryptocurrency orders". The Korea Times. December 21, 2018.
  4. ^ "Another cryptocurrency fraud case further dampens market sentiment". The Korean Herald. December 21, 2018.
  5. ^ "Upbit cryptoexchange may have faked trades". Korea JoongAng Daily. December 22, 2018.

External links[edit]