Fraudulent Coinup Cryptocurrency Exchange Officials Jailed in South Korea

Fraudulent Coinup Cryptocurrency Exchange Officials Jailed in South Korea – BeInCrypto

Several executives from the South Korean cryptocurrency exchange CoinUp, including its president, were arrested on charges of fraud that amount to nearly $400 million. Local media outlets report that nine of the company’s executives were arrested on Nov 11 after an extensive investigation that began in 2018.