It has been three months since UPbit, South Korea’s biggest crypto exchange, was raided by local authorities. Yet, the government has not released a public statement on the investigation.
Did the Investigation Find Nothing?
Earlier this year, UPbit was raided by local financial authorities under the suspicion of manipulating and inflating its balance sheet. The Korea Financial Intelligence Unit (KFIU) confiscated the company’s hard drives, servers, and computers to evaluate their existing financial data.
https://www.ccn.com/3-months-since-koreas-biggest-cryptocurrency-exchange-raid-what-happened/
