Upbit Exchange Execs Cleared of Fraud Charges in South Korea

The Seoul Southern District Court has acquitted senior executives at Upbit crypto exchange of fraud charges. Insufficient Evidence Against Upbit Chiefs Delivering judgment on the matter, Deputy Judge Oh Sang-yong dismissed the 30-count criminal fraud and market manipulation charges leveled against the Upbit directors for lack of evidence. According to South Korean media outlet Newsis, the court declared that the activities of the Upbit hierarchy were not sufficient to materially impact the spot price ofRead More The post appeared first on Bitcoinist.com.