Posted inThe Chain

Police seize Korean crypto exchange

South Korea’s third-largest cryptocurrency exchange has been seized by police following fraud allegations, according to Cointelegraph, which cited a report by the Seoul Shinmun. Police allege that 99% of Coinbit’s transaction volume was faked through wash trading. The Seoul Metropolitan Police raided and confiscated a number of properties, including Coinbit’s headquarters in Seoul’s Gangnam district. Coinbit’s […]