Upbit’s “Investigation” Has Nothing to Do with Fraud, Everything to Do with Pooled Liquidity

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As is usually the case when the cryptocurrency markets are taking a beating, people want to know what is driving this bearish pressure. It appears the South Korean media has misreported an ‘incident’ involving popular domestic exchange Upbit. While there is an irregularity being investigated, it seems this is mainly based on a big misunderstanding. There is no fraud to speak of until proven otherwise. What is Going on With Upbit? Various South Korean news outlets have been reporting that domestic cryptocurrency exchange Upbit is under investigation by the authorities. Considering that South Korea is a big part of the cryptocurrency industry these days,

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