The executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors. According to a report from CBNN Korea on Friday, the Prosecutors’ Office of the southern district of Seoul has indicted three senior staff members, including founder Song Chi-Hyung, on charges of fraud. The
Global crypto exchange king Binance and the controversial Bitfinex are the only two exchanges in the top 25 not wash trading their Bitcoin trading volumes. This is according to a report by the Blockchain Transparency Institute. The report unearthed massive volume manipulation and misrepresentation on major exchanges including OKEx, CoinBene, HitBTC, Huobi and Bithumb.
US Regulator Calls Out Leading Cryptocurrency Exchanges On Tuesday, as relayed by Bloomberg, Barbara Underwood, New York State’s Attorney General, unexpectedly released a report that highlighted her office’s thoughts on cryptocurrency exchanges. According to the well-established regulator, a minimum of three cryptocurrency exchanges can be facilitating operations that would be classified as illegal
Nearly six months after parting ways with its auditor, Tether has produced a third-party report claiming that its cryptocurrency is fully backed by U.S. dollars – with some major caveats. The state of Tether’s reserves has been the subject of controversy for months, with online critics claiming the company has been issuing more tokens