Upbit Awards 1 Million Won to Six Reporters of Fraud

[kreslik.news]

Upbit, one of the largest cryptocurrency exchanges in the world, has awarded 1 million won ($929) to six people for reporting fraudulent cryptocurrency-related schemes, according to news.bitcoin.com.

Upbit is based in South Korea and accepts only residents of South Korea who are above the age of 18 as customers. The fact that it handles more than $300 million worth of cryptocurrency trading daily (according to coinmarketcap.com) shows how popular cryptocurrency trading is in the country.

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Upbit was created in October 2017 by Kakao, the company behind South Korea’s dominant messaging application, ... (read more)