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South Korea’s Five Major Exchanges Disclose Their Reserves

As reported by News1, the office of Korean National Assembly (NAOK) representative Kim Hee-kyung cited data submitted by the Financial Supervisory Service indicating that Korean virtual asset exchanges have publicly disclosed their reserve holdings to deal with hacker attacks and technical failures.

Upbit has the highest reserve of 20 billion won, Bithumb has 10 billion won, and Coinone has 7.3 billion won. Korbit and Gopax each accumulated a minimum reserve amount of 3 billion won.18 virtual currency market exchanges are in a state of "complete capital loss".

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