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Coinbit Exchange Closed Down By Police For Alleged Market Manipulation

Tracy CHEN

Summary: According to Seoul Shinmun, South Korea’s third-largest cryptocurrency exchange, Coinbit, was closed down and investigated by the South Korean police. Its chairman and operator were suspected of internal transactions and manipulation of market prices. It is reported that Coinbit ranks behind Bithumb and UPbit and is the third-largest exchange in South Korea. Tracy Chen

According to Seoul Shinmun, South Korea’s third-largest cryptocurrency exchange, Coinbit, was closed down and investigated by the South Korean police. Its chairman and operator were suspected of internal transactions and manipulation of market prices. It is reported that Coinbit ranks behind Bithumb and UPbit and is the third-largest exchange in South Korea.

Tracy Chen

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