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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.

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.

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.