Upbit

Upbit rejects listing fee allegations, demands proof from Wu Blockchain

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Upbit rejects listing fee allegations, demands proof from Wu Blockchain

South Korean cryptocurrency exchange Upbit has denied allegations that it charges brokerage fees for token listings, calling on Wu Blockchain to provide proof. The exchange emphasized that all trading support decisions undergo a strict internal review process without financial compensation. Upbit also warned users to be cautious of fraudulent intermediaries and stated it would take … Read more

Upbit Faces Partial Suspension Over Regulatory Breaches

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Upbit crypto exchange suspension due to regulatory violations in South Korea

The Financial Intelligence Unit (FIU) sanctioned Dunamu, Upbit’s parent company, for conducting transactions with unregistered virtual asset businesses. Upbit also failed to follow proper customer verification procedures and did not report suspicious transactions. Along with the suspension, the exchange faces financial penalties and personnel actions. Upbit has acknowledged the violations and promised to strengthen compliance … Read more