Upbit Exchange Audit Is Clean

.

An independent accounting audit has found South Korea’s biggest cryptocurrency exchange Upbit DID NOT fraudulently inflate its balance sheet to deceive investors. Last week, police raided Upbit’s head office in Seoul after the exchange was suspected of processing listed cryptocurrencies it didn’t have the funds for. The police raid has played a significant role in the fall of crypto markets in general last week. Upbit has continued to operate as normal sin then and if the audit proves accurate, it’s likely the goverment investigation will be classified as a liquidity issue and the case will be closed.

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!