South Korea’s Largest Crypto Exchange raided by Prosecutors

Bitcoin, crypto miners

 

South Korean crypto exchange Upbit was raided by prosecutors on suspicion of Fraud, Yonhap news agency reported. Upbit sent a note to clients saying it is cooperating and clients’ assets are secure.

(Reuters) – South Korean prosecutors raided the country’s biggest cryptocurrency exchange, Upbit, on Thursday and Friday on suspicion of fraud, Yonhap news agency reported.

The agency did not give details. Neither Upbit nor the financial investigation team of the Seoul Southern District public prosecutors’ office was immediately available for comment.See the rest of the story at Business Insider

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