ChainCatcher news, according to the official announcement from Upbit, has clarified and provided factual explanations regarding some inaccurate information in the Financial Intelligence Unit (FIU) disclosure about the sanctions on Doonamu.Upbit stated that the claim of "30,000 fake IDs (including hand-drawn IDs) passing through the KYC system" is not true. The so-called hand-drawn IDs were internal test cases conducted by employees to test the performance of the image character recognition system (OCR), not real KYC cases, and the authorities have confirmed this and excluded it from violations.Additionally, Upbit emphasized that its KYC process includes mobile authentication, 1 KRW authentication, and submission of identification documents, and will require resubmission for insufficient identification documents. The announcement pointed out that among the four violation cases disclosed by the FIU, three have completed transactions by supplementing identification documents, while the other could not proceed due to the lack of normal identification documents and no transaction records.Regarding unreported transactions from virtual asset exchanges, Upbit stated that according to the Specific Financial Information Act, it has restricted withdrawal transactions with 23 unreported exchanges (such as MexC and Kucoin), totaling 227,115 related withdrawals.Upbit will further clarify the relevant facts through established procedures.

ChainCatcher message, Upbit will list COW on the KRW, BTC, and USDT markets, with trading expected to start on February 25 at 20:30 (Korean time).

ChainCatcher news, the South Korean cryptocurrency exchange Upbit has explained the sanctions imposed by financial authorities, stating that these sanctions were taken based on issues identified during the 2024 Financial Intelligence Unit (FIU) on-site inspection. The specific sanctions include a partial suspension of operations and a ban on new customers transferring virtual assets. Upbit has reviewed the necessary improvement measures and completed the actions taken to respond to the sanctions imposed by the financial authorities. The sanctions implemented may change according to relevant regulatory procedures. If the relevant measures are suspended or become ineffective, new users will be able to use Upbit's services without restrictions.

ChainCatcher news, according to CoinGecko data, in the past 24 hours, Upbit's trading volume reached 4.531 billion USD, with the XRP/KRW trading pair accounting for 27.99% of the volume, ranking first in the Korean won trading market. The other top five are: BTC, ETH, USDT, DOGE.

ChainCatcher news, according to CoinGecko data, in the past 24 hours, Upbit's trading volume reached 2.208 billion USD, with the GLM/KRW trading pair leading the Korean won trading market with a 14.59% volume share. The other top five are: STMX, XRP, ANIME, and BTC.

ChainCatcher news, according to the official announcement, the South Korean cryptocurrency exchange Upbit has announced that due to planned database maintenance tasks, the NFT service will be suspended for 2 hours from February 27, 06:00 to 08:00. During this period, deposits and withdrawals of Ethereum and Polygon-based NFTs within Upbit's NFT service will not be possible. Depending on market conditions, this maintenance may be postponed or canceled.

ChainCatcher news, according to the official announcement, Upbit will launch the ARKM BTC and USDT trading pairs.

ChainCatcher message, Upbit will list ARKM on the BTC and USDT markets, with trading starting on February 21 at 17:00 (Korean time).

ChainCatcher news, according to Binance market data, possibly influenced by the Upbit listing news, JTO briefly reached 4 dollars, currently reported at 3.32 dollars, with a 24-hour increase of 26.6%.

ChainCatcher message, Upbit will launch the JTO KRW trading pair, and trading will start on February 21 at 2:30 PM (KST).

ChainCatcher news, the chairman of the Financial Services Commission (FSC) of South Korea, Kim Byung-hwan, announced that a sanction decision against Upbit for violating customer verification obligations will be made soon. He stated, "Compared to other sanctions, I have expressed the intention to resolve this issue as quickly as possible, as some areas may affect the market, and we are proceeding accordingly." He added, "We have held several meetings to listen to the opinions of various parties."Previously, Upbit was ordered to suspend operations by South Korean financial regulators for violating anti-money laundering obligations, including the customer identification system (KYC).

ChainCatcher news, according to Money Today, South Korean cryptocurrency exchange Upbit's operating company Dunamu has acquired the global digital sheet music platform operator MPAG. The acquisition took place in November, with Dunamu making MPAG a subsidiary through the purchase of shares.MPAG operates the MyMusic Sheet platform for global users, the Mapianist platform for South Korean users, and the Kokomu platform for Japanese users.

ChainCatcher news, according to Onchain Lens monitoring, in the past 30 minutes, a giant whale spent 9,350 SOL (approximately 1.82 million USD) to purchase 105,923 TRUMP tokens at a price of 16.50 USD each.Previously, this whale profited about 2 million USD from TRUMP trading, and this re-entry into the TRUMP market is due to its listing on the Upbit exchange.

ChainCatcher message, market data shows that influenced by the news of being listed on Upbit, TRUMP briefly rose by 15%, currently reported at 17.0437 USD.

ChainCatcher news, according to official news, the South Korean cryptocurrency exchange Upbit announced that it will list the TRUMP token on the Solana network on February 13 at 18:00 (Korean time). The exchange will simultaneously open the TRUMP/KRW, TRUMP/BTC, and TRUMP/USDT trading pairs.

ChainCatcher message, according to the official announcement, Upbit will launch the KRW, BTC, and USDT trading pairs for LAYER, with token deposit services opening on February 11 at 21:00 (UTC+9), supporting the Solana network.

ChainCatcher message, Upbit announced that due to the maintenance of the VerifyVASP (VV) server, digital asset transfers involving more than 1 million KRW may be affected from February 12, 2025, 23:00 to 23:30.This maintenance will affect deposit and withdrawal operations that rely on travel rule verification and account holder confirmation services.

ChainCatcher message, Upbit will list JTO and SCR on the BTC and USDT markets, with trading starting on February 6 at 6 PM (Korean time).