🚔Executives at Korean crypto exchange UPbit indicted for fraud

Three senior staff members, including founder Song Chi-Hyung, have been indicted by Korean prosecutors on charges of fraud. The executives are alleged to have made fraudulent transactions late last year worth 254 trillion won (or $226.2 billion) to inflate trading volume figures and attract more customers to the exchange. They are also accused of selling 11,550 Bitcoin ($BTC) to customers to reap 150 billion won (or $133.8 million) through rigged transactions.