Internal audit is one of the largest South Korean exchanges of cryptocurrency UPbit did not reveal any fraud in the activities of the management of the exchange or manipulation of custom tools.

UPbit claimed that they had the internal account audit.
The audit showed that 100% of the coins are real, the ledgers all synced to their own wallets. @cryptomanran’s claim has been confirmed that it was due to govt. misunderstanding of multiple wallets.

— Korean Cryptocurrency & Blockchain News (@CryptoOfKorea) may 15, 2018.

All declared assets of the cryptocurrency UPbit according to the audit posted on the exchange’s wallet.

The “misunderstanding” arose from the fact that the South Korean authorities do not understand the process of using the exchange of a few purses at the same time.

Cryptocurrency analyst and journalist Joseph young stressed that the successful resolution of the situation with UPbit and the week of the blockchain in new York should have a positive impact on the market of digital currencies.

UPbit confirms all of its funds in cryprocurrency are real, first reported by @CryptoOfKorea

South Korea’s biggest cryptocurrency exchange *did not* user funds to manipulate and deceive investors.

UPbit case cleared + Blockchain Week = recovery

— Joseph Young (@iamjosephyoung) may 15, 2018.

We will remind, on may 10, the Prosecutor’s office for the southern district of Seoul, visited the headquarters of UPbit. During the test, were confiscated computer hard drives containing, inter alia, information about the accounts.