The Internal Audit Of UPbit Cryptocurrency Exchange Hasn’t Revealed Falsifications
Internal audit of one of the largest South Korean cryptocurrency exchanges UPbit hasn't revealed any falsifications in activity of the management of the exchange or manipulation with users funds.
UPbit claimed that they had the internal account audit.
The audit showed that 100% of the coins are real, the ledgers all synced to their own wallets. @cryptomanran 's claim has been confirmed that it was due to govt. misunderstanding of multiple wallets.
— Korean Cryptocurrency & Blockchain News (@CryptoOfKorea) May 15, 2018
All stated cryptocurrency assets of UPbit according to audit are really placed on exchange wallets.
"Misunderstanding" arose because the South Korean authorities did not understand the process of using the exchange of several wallets at the same time."
The cryptocurrency analyst and the journalist Joseph Young has emphasized that they successful resolving the situation with UPbit and New York blockchain week have a positive affect on the market of digital currencies.
UPbit confirms all of its funds in cryprocurrency are real, first reported by @CryptoOfKorea
South Korea's biggest cryptocurrency exchange *did not* manipulate user funds and deceive investors.
UPbit case cleared + Blockchain Week = recoveryhttps://t.co/h8tmsMowmD
— Joseph Young (@iamjosephyoung) May 15, 2018
We will remind, on May 10 the prosecutor's office of the Southern federal district of Seoul has visited the main office of UPbit. During the audit, hard disks of computers containing, in particular, data about accounts were seized.