Executives at Korean Crypto Exchange UPbit Indicted for Fraud
Three executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors.
Upbit
342,000 ether have been taken from the wallets of South Korean crypto exchange Upbit, the firm's CEO says.
Dunamu, the operator of Upbit, is releasing a new app this month for trading unlisted securities with a plan to add in blockchain next year.
Upbit said users will need to create new wallet addresses to resume trading.
The "klay" cryptocurrency from messaging app giant Kakao is to make its first official exchange listing on Upbit later this month.
South Korean firm Dunamu, operator of cryptocurrency exchange Upbit, says it invested $46 million in 26 blockchain startups over the last year.
