By CryptoNews - 1 year ago - Reading Time: 1 minutes
Upbit Operator Faces Scrutiny Over Affiliate’s 2020 USD 103M LUNA Sale
South Korean crypto exchanges are now in the firing line as the terra (LUNA) crash fallout continues to sow the seeds of chaos in the domestic crypto industry.
Dunamu, the operator of the Upbit exchange, has denied reports that it dumped large sums of LUNA to avoid forthcoming price drops as “groundless” – but questions are being asked about how and why a then-new Dunamu affiliate made a large investment in the coin, only to sell its entire stash in February 2021....
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Original source: CryptoNews