Alt Coins taking a beating... NEVER leave coins on an Exchange that's your not willing to lose unfortunately.


Prosecutors in South Korea have reportedly raided the largest cryptocurrency exchange in the country, UPbit.

According to CoinDesk Korea, investigators from the Prosecutors' Office of the southern district of Seoul, the country's capital, searched the head office of the exchange in the Gangnam-gu district on May 10-11.

UPbit is suspected of fraud for allegedly selling cryptocurrency to customers that it does not actually hold, according to the report.

Source: https://www.coindesk.com/koreas-biggest-crypto-exchange-raided-over-suspected-fraud-report/