UPBIT EXCHANGE- UNDER INVESTIGATION OF FRAUD
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Hello everyone
Not the kind of news the Crypto world wants to hear. UPbit the South Korean exchange has been raided and computers and storage devices have been seized.
The Seoul Financial Investigation team from the Southern District public prosecutors’ office. it is alleged that they have been transferring funds from clients accounts to a separate account. this account belongs to one of the Directors of UPbit.
We need regulations quickly on exchanges to help protect us their investors. The bad news can be spun into a positive as long as change happens.
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