“Users of the 30 cryptocurrencies on UPbit that are yet to see independent wallets integrated by the exchange, cannot deposit or withdraw the tokens directly from UPbit and have to exchange the assets to other cryptocurrencies like bitcoin and Ethereum before withdrawing. The lack of wallet support for dozens of cryptocurrencies led to the investigation and the government accusing UPbit of inflating its balance sheet.”See more from the full piece by CCN, here- https://www.ccn.com/upbit-audit-confirms-south-koreas-biggest-cryptocurrency-exchange-not-at-fault/ As it stands, we can’t actually say if UPbit have been falsifying their accountancy sheets, or if this really is a part of a bit misunderstanding, overall though trading on UPbit is still active and thus, it can be argued that customers still have a belief in the UPbit exchange. If indeed this is just a misunderstanding, and nobody has been deceived, things will continue just fine for the company. If, however, investigations uncover something more serious here, criminal proceeding will follow and UPbit will be forced to close, that’s for sure. As it stands, it’s normal service as ever at UPbit. Their 24-hour trading volume currently stands at $928,211,299.00, with EOS making the majority of that volume at 17.35%. It’ll be very interesting to see how this develops over the rest of the week. As findings from the investigation are announced, both sides of the UPbit argument will no doubt find further evidence to support that they either did or did not engage in this fraudulent activity. One thing is certain, whatever happens, the markets will react to it. Our advice for now, remain cautious, keep an eye on the news. As soon as we hear anything, we’ll let you know!