he prosecution searched the house for the first place in the domestic virtual currency exchange upbits on suspicion of fraud.
Seoul Southern District Public Prosecutor's Financial Survey Department 2 (Deputy Prosecutor John Daejeon) sent inspections and investigators to the upbeat headquarters in Gangnam-gu, Seoul City for two days from the previous day and 11th day to secure computer hard disks and account books.
According to the prosecutors, they are suspected of deceiving investors by decorating them as if they are on computer despite having no actual virtual currency on the upbeat side. Prosecutors are planning to investigate whether the two Trey Soku representatives who operate upbeat participated in such an act. After serving as the representative of the cacao, this delegate took office as the representative of two trees last December.
Until now, Upbit has raised allegations that there are fewer types of coin purses than tradable virtual currencies, and there is no way to make "book transactions" without virtual currency. Coin purse means a purse that can store electronic currency electronically. Investors without this virtual currency coin purse can not verify the virtual currency entity.
Prosecutors have investigated virtual currency exchanges such as searching three exchanges, such as coin nests, from the last March. Last month, two prosecutors, including Rep. Giemku Fan Coin Nest, were arrested on suspicion of legislative retaliation concerning the punishment of specific economic crimes and fraud. They receive suspicion of embezzling customer money by a method of remitting funds of customers in these virtual currency exchange corporate accounts to representatives and officials' accounts.