Crypto exchange Upbit shows over 100% user fund capitalization in audit report

Upbit, a South Korean-based mostly cryptocurrency alternate, launched on the present time its most up-to-date audit reports showing over 100% client fund capitalization in both crypto and fiat. The ‘Digital Property and Fiat Deposit Audit’ document, modified into as soon as executed by JIAN Accounting Company as of Jan 1st, 2021.

Audit Results

  • In step with the document, Upbit securely holds 101.07% of the digital sources payable to customers.
  • In step with the document, Upbit securely stores 113.94% fiat payable to customers.
  • Field: 192 digital sources and fiat deposited by customers.
  • Length: Dec 31st, 2020 — Jan 16th, 2021.
  • Methodology:

    — Digital Property: Digital sources balance auditing in both wallets developed internally by Dunamu Inc. and by a truly unbiased correct third occasion.

    — Fiat Deposit: Inquiry made to the relevant monetary establishments per the deposit statement held by Dunamu Inc.

“Upbit continuously holds more money and digital sources than the money and digital sources for the customers. For such reason, upon the client’s question, we’re enabled to withdraw digital sources and fiat with out prolong.”

– The Upbit Team


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