South Korea’s premier cryptocurrency exchange, Upbit, recently experienced a security fiasco that affected approximately 400,000 wallets. Per their recent statement, a fraudulent token disguised as the legitimate Aptos (APT) token deceived the exchange’s monitoring system. Although Upbit has since recovered
South Korea has taken a decisive step, instructing its local cryptocurrency exchanges to maintain a reserve of at least 3 billion won, equivalent to roughly $2.3 million. This directive, anchored in the “Virtual Asset Real-Name Account Operation Guidelines” by the
In a recent analysis by data agency CCData, the South Korean digital asset platform, Upbit has surpassed leading global exchanges, Coinbase and OKX, in spot trading volume. This shift coincides with the ongoing regulatory challenges faced by Binance, the largest
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