Executives at Korean Crypto Exchange UPbit Indicted for Fraud

in #ico • 6 years ago

The executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors. The executives are alleged to have made fraudulent transactions between September to December of last year, using a fake corporate account to make bogus orders worth 254 trillion won (or $226.2 billion) to inflate trading volume figures and attract more customers to the exchange.

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https://www.coindesk.com/executives-at-korean-crypto-exchange-upbit-indicted-for-fraud

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#blockchain #derivatives #exchange #cryptocurrency
6 years ago in #ico by
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