Korean Police Seize Coinbit for Massive Crypto Wash Trading

The Seoul Metropolitan Police Agency has reportedly raided and seized the operations of Coinbit, the country’s third-largest cryptocurrency exchange, over the allegations of inflating trading volumes. As reported on Tuesday by the local newspaper Seoul Shinmun, the local police have confiscated the crypto exchange’s Gangnam headquarters, along with other physical premises. The Most Diverse Audience to …

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