Upbit Financial News

18.10 / 12:29

Platform Apple Upbit compensation Customers Angry Crypto Exchange Customers Will Get Compensation – If They Can Prove One Thing

The South Korean market-leading crypto exchange Upbit has announced that it will compensate traders who lost money during the power outage that blighted the platform’s login functionality over the weekend – but only if they can prove they were really going to sell their coins during the blackout.

24.09 / 03:09

regulation Upbit Crypto Exchange Executive Upbit Exchange Executive Welcomes Talk of Fresh Crypto Regulations

One of the top executives at Upbit, South Korea’s market-leading crypto exchange, has spoken out in favor of new crypto regulations both at home and abroad – and has suggested that while they may cause the markets more short-term pain, the industry is set to benefit in the long term.

02.08 / 03:23

Exchange Legal Upbit Terraform Labs South Korean Prosecutors Wrap up Terra Raids on Exchanges, Tech & VC Firms

A more than week-long prosecution raid of South Korean crypto exchanges and companies linked to Terraform Labs has finally come to an end, with officers admitting that finding the information they were after was challenging.

20.07 / 18:31

Exchange Legal Upbit raid S Korean Prosecutors Raid 15 Addresses, Including Major Crypto Exchanges, as Part of Terra Probe

South Korean prosecutors have raided 15 locations in Seoul as part of their ongoing probe into the “Terra (LUNAC) incident” – and have seized documents and data from at least seven crypto exchanges, including the market-leading platforms Upbit and Bithumb.

16.06 / 06:41

regulation Upbit Korean exchanges agree on emergency system in case of Terra-style collapse

Korea's leading exchanges have agreed to form a new emergency system that will spring into action within 24 hours should another Terra-style collapse threaten to come to pass.

30.05 / 16:07

Altcoins Exchange Upbit South Korean Crypto Exchanges Form Joint Response Council to Avoid Repeat of LUNA ‘Incident’

South Korea’s five biggest crypto exchanges have vowed to create a “joint response council” to avoid a repeat of what the media and politicians in the country have labeled the “terra (LUNA) incident.”

25.05 / 14:27

regulation Exchange Upbit 2020 Upbit Operator Faces Scrutiny Over Affiliate’s 2020 USD 103M LUNA Sale

South Korean crypto exchanges are now in the firing line as the terra (LUNA) crash fallout continues to sow the seeds of chaos in the domestic crypto industry.

28.04 / 02:09

regulation Exchange Upbit South Korean Crypto Exchanges Resume Service as Usual after Travel Rule Breakthrough

South Korea’s biggest crypto exchanges have finally linked their rival Travel Rule solutions – over a month after a new law that requires trading platforms to abide by the protocol came into force.

22.04 / 03:49

business regulation Upbit controversy Upbit owner Dunamu could see 'monopoly' curbed after investment controversy

The operator of South Korean crypto exchange Upbit, Dunamu, is facing pushback from regulators due to a controversial investment while authorities move to issue restrictions to stifle its monopolistic position.

25.03 / 09:05

regulation FATF Upbit compliance Korean crypto exchanges are now in compliance with the Travel Rule

South Korean crypto exchanges have reached the government-mandated deadline to come into compliance with the so-called Travel Rule, but not all industry players are pleased with the measure.

23.03 / 04:37

regulation Exchange Upbit S Korean Market Regulator Wants to Label Upbit, Bithumb ‘Large Conglomerates’

South Korea’s biggest crypto exchanges are set to be regulated by the nation’s conglomerates regulator – a sign they have grown from relative obscurity into mega-companies in the space of just a few years. But the regulatory move would also ramp up scrutiny on what is already a heavily policed industry.

02.02 / 04:21

Career Exchange Upbit Crypto Exchanges Reward Staff with Bumper Bonuses after Successful 2021

South Korean crypto trading platforms are not only offering huge pay packages to prospective new hires – they are also looking to retain their staff by paying them massive Lunar New Year bonuses.

17.12 / 04:53

Trading Exchange Upbit expansion Upbit Operator Posts Record Profits, Eyes US Expansion

The South Korean crypto exchange operator Dunamu is set to accrue a tax bill of a whopping KRW 1trn (USD 843m) following the most successful year yet for its Upbit trading platform.

04.12 / 00:13

regulation Upbit exchanges KYC Drive Causes Bithumb Disruption: Logins, Transactions Affected

The South Korean crypto trading platform Bithumb has been hit by disrupted transactions, with deposits and withdrawals requests encountering “errors” – with customers rushing to complete new know-your-customer (KYC) procedures.

04.11 / 14:55

Exchange Society Upbit Customer Man ‘Tried to Set Himself on Fire’ at S Korean Crypto Exchange Upbit Customer Center

A man who police claim was ready to set himself on fire at the South Korean crypto exchange giant Upbit’s flagship customer service center has been taken into custody and charged with attempted arson.

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