Upbit Refunds $6.07 Million to Victims of Crypto Scams

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Upbit Refunds $6.07 Million to Victims of Crypto Scams - Coinpedia

Quick Summary:

In a notable incident, South Korea’s largest crypto exchange, Upbit, recently refunded 8.5 billion won ($6.07 million) to 380 victims of voice phishing scams.

Earlier this year, 5 billion won was returned to 246 victims, and on November 22, an additional 3.5 billion won was refunded to 134 more.

The stock’s rise is attributed to strong expectations for Upbit’s Q4 performance, as the exchange generates the bulk of Dunamu’s revenue.