Korean traders question Upbit’s recent token listings for suspected insider trading
2026-05-12 06:11
Odaily Planet Daily News: Korean trader Definalist posted on social media stating that Upbit's recent listings of WIF and VVV have shown signs of suspected insider trading.
According to Definalist, multiple addresses funded by Upbit's hot wallet purchased WIF before its listing on Upbit and quickly sold after the listing, with similar on-chain activities observed for VVV. Definalist also noted that Upbit has been frequently testing the STABLE token recently, and some wallets suspected to be related to these activities had previously purchased STABLE as well.
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