NEWS
2024.01.31
How Did USDC Trade for $600 Million on Bithumb?
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Lawyer
The stablecoin USDC traded around 600 billion won on Bithumb, raising suspicions that it may have been used for currency trading. Concerns were raised that it was aimed at a punishment gap before the Act on the Protection of Users of Virtual Assets was implemented in July. Ohoon Kwon, partner attorney at Cha & Kwon Law Offices, emphasized that "if the trade was carried out, it would be subject to criminal penalties under the User Protection Act."
URL : How Did USDC Trade for $600 Million on Bithumb?
