The South Korean digital currency exchange Upbit has strongly refuted accusations of imposing listing charges for virtual currencies, urging Wu Blockchain to produce tangible proof to substantiate their assertions.
Wu Blockchain had earlier released a string of articles alleging that a multitude of endeavors were compensating go-betweens to guarantee listings on Upbit and its competitor, Bithumb. According to Wu Blockchain’s revelation, Upbit’s middleman fees were about $10 million, while Bithumb’s were around $2 million. The account additionally implied that some mediators had associations with Upbit’s stakeholders and market creators. Toncoin (TON) Value Forecast for March 26th
The account also exposed that specific endeavors were offering mediators between 3% and 5% of their total token supply. This indicates that a few endeavors may have been allocating a segment of their tokens to secure listings as opposed to paying a set charge. Wu Blockchain reached out to seven endeavors, with three rejecting any involvement in such payments.
In reaction, Upbit underscored that all trading support judgments undergo a thorough internal assessment procedure, devoid of any monetary reimbursement. Upbit also advised users to be cautious of deceitful mediators and affirmed that it would pursue legal action against unlawful brokers.
Following Upbit’s reaction, Wu Blockchain revised its article, declaring that “sources need to be safeguarded, so we cannot reveal precise details.” In essence, Upbit asserts that its listing verdicts are predicated on internal evaluations, not monetary dealings. The firm insists that token endeavors cannot merely purchase their passage onto the platform.
**Listing Charges**
Upbit denies imposing listing charges, requesting proof from Wu Blockchain.
