Leader of South Korea's Largest Crypto Exchange Acquitted of Data Manipulation Charges
In a legal win, the head of Upbit's operator, Dunamu, was declared not guilty by South Korea's Supreme Court in a case involving alleged data manipulation. The charges, related to fake accounts and order volume manipulation, were unanimously dismissed by all three courts, citing "illegal methods" used by prosecutors to obtain evidence. Upbit's success in dominating 80% of South Korea's crypto market is attributed to strategic partnerships, including one with neobank K Bank, streamlining account openings in adherence to regulations.
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