Summary
- It was reported that prices surged at domestic virtual asset exchanges after the account freezing was announced.
- A large amount of Tether (USDT) was reported to have been deposited on Upbit.
- It was explained that 1,563 million USDT was deposited on Upbit within an hour after the account freezing announcement.
As the account freezing was announced, a price surge occurred at domestic virtual asset exchanges, with a large amount of Tether (USDT) being deposited on Upbit. On the 2nd (local time), a spokesperson from Coinone stated, "The Korean virtual asset market surged after the account freezing announcement," adding that "many traders placed bottom orders and a large amount of USDT was transferred to Upbit." Furthermore, it was explained that "after the account freezing was announced, 1,563 million USDT (approximately 2.335 billion KRW) was deposited on Upbit within an hour."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
