[Notice] Report individuals or groups suggesting selling/buying or front running of digital assets through Youtube and other media, More

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[Notice] Report individuals or groups suggesting selling/buying or front running of digital assets through Youtube and other media

Lately, there have been a lot of Youtube live streams, chat rooms, Telegram and other media suggesting the buying of a specific digital asset to make profit.

We have opened a report page [Report media suggesting sell/buy of digital assets] to prevent such unfair trading.
*Front running is the act of making profits by buying and selling digital assets through information obtained in advance.

If you find Youtube live streams or in any other media that is making profits through unfair conduct by suggesting or misleading information of sell/buy of digital assets, kindly report such action through our report page.
Find more information below.

[Report Page Information]

  • Report if : an individual or group is suggesting the sell/buy of digital assets through Youtube or any other media.
  • How to report :
    . PC Web : Official Upbit website > Customer Center > 1:1 Inquiry > Financial Accident > Report media suggesting sell/buy of digital assets
    . Mobile : Upbit App > My information > 1:1 Inquiry > Report media suggesting sell/buy of digital assets
    *The reported individual or group, according to Upbit’s Terms of Use, may be suspended.

[Announcement] Information on digital assets held by Dunamu & Partners (April 2021)

Upbit is always doing its best to promote the healthy growth of the ecosystem and industry related to digital assets/blockchain, and to provide its customers with a safe and clear digital assets trading environment.

Through our previous announcement, we’ve declared that Dunamu & Partners will not sell digital assets it invested on for three months from the date such digital assets got listed on Upbit, and have also announced the change of its hold amount of such digital assets at the end of the month through Upbit’s announcement corner.

As of April 2021, Dunamu & Partners’ hold amount of digital assets is as follows.
*The following was notified to us by Dunamu & Partners’ on April 30, 2021, for posting, and the details of the following were written by Dunamu & Partners.

Details of public announcement posted on April 30, 2021

Update date : 2021–04–30

1) MARO (Before rebranding : TTC)

  • Holder : Dunamu & Partners
  • Name of digital assets : MARO (Before rebranding : TTC)
  • Date of listing on Upbit : March 29, 2019
  • Quantity of digital assets held : 30,000,000
  • Changes and cumulative quantity sold : None
  • Purpose of holding : For investment purposes
    *TTC was rebranded as MARO on September 22, 2020.

[Notice] Revision of Upbit Terms and Conditions (to be applied on May 07)

We are always grateful for your support. There will be an update to the Terms and Conditions and we inform you as follows.

Changes in Article 18(5) and newly established Articles 18(9) and Article 18(10) in our Terms and Conditions will be applied as of May 07, 2021.

If you do not express your intention to amend the revised Terms and Conditions by the day before the effective date, you will be deemed to have agreed to the Terms and Conditions. If you do not agree to the Terms and Conditions you may withdraw your membership (membership withdrawal) or terminate the service use contract through the Customer Center.
*Upbit Terms of Use link

[Changes]

1) Article 18(5) Additional Matters Concerning Use of Services

  • Before Revision :
    The Company may add or exclude digital assets from the Service for such reasons as defects in digital assets, bankruptcy/dissolution of major affiliates, termination of digital asset transaction support, inevitable service interruption, government policy and/or related laws, supervisory authorities or similar reasons. The Company will make reasonable efforts to notify users in advance whether or not to exclude the certain digital assets. When certain digital asset is excluded from the Service provided by the Company, the Company will support the transfer (withdrawal) of the digital asset to personal wallets issued by other exchanges other than Upbit for at least 30 days from the date of notification of suspension of digital asset support.
    ➔ After Revision :
    The Company may exclude digital assets from the Service for such reasons as defects in digital assets, bankruptcy/dissolution of major affiliates, “reason for termination of digital asset transaction support”, inevitable service interruption, government policy and/or related laws, supervisory authorities or similar reasons. The Company will make reasonable efforts to notify users in advance whether or not to exclude the certain digital assets. When certain digital asset is excluded from the Service provided by the Company, the Company will support the transfer (withdrawal) of the digital asset to personal wallets issued by other exchanges other than Upbit for at least 30 days from the date of notification of termination of digital asset support. The Company will state the specific “reason for termination of digital asset transaction support” in a separate operating policy (UPBIT->Customer Center->Policy Notice and Listing Inquiry->Termination of Transaction Support Policy).

2) Article 18(9) Additional Matters Concerning Use of Services

  • New clause
    ➔ Additional details :
    The network used by the digital asset will be displayed on the right side of the “(digital asset name) deposit/withdrawal” page. Digital assets denoted as “mainnet” are digital assets that use their own network of digital assets. However, digital assets with a phrase other than “mainnet” (Example: GAS deposit and withdrawal NEO, GLM deposit and withdrawal ERC-20) are “tokens borrowed from other digital assets”.

3) Article 18(10) Additional Matters Concerning Use of Services

  • New clause
    ➔ Additional details :
    “Token borrowed from other digital assets” deposit addresses may be issued as a contract address. Unlike a regular wallet address, contract addresses does not have a private key. Therefore, the recovery of incorrect deposit of digital assets using the private key is not possible and the Company is not liable for any loss or damages. However, an exception is made in cases where incorrect deposits have occurred due to the Company’s negligence.

[Note]

  • The Articles above added to the Terms and Conditions will be effective as of May 07, 2021.
  • Kindly acknowledge the information above and be aware when using Upbit.

Upbit will always maintain a high level of transparency and sound trading environment.

Thank you.

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