[Upbit Notice] Digital assets and Fiat deposit audit report (as of October 1st, 2021)

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We are sharing the ‘Digital assets and fiat deposit audit’ report, which was completed by JIAN Accounting Corporation as of October 1st, 2021.

[Audit result]

  • According to the report, Upbit securely holds 101.16% of the Digital assets payable to customers
  • According to the report, Upbit securely stores 124.40% fiat payable to customers

[Audit Details]

  • Auditor: JIAN Accounting Corporation
  • Timeline: October 1st, 2021 00:00
  • Subject: 181 Digital assets and fiat deposited by customers
  • Period: September 30th, 2021 — October 20th, 2021
  • Methodology :
    — Digital assets: Digital assets balance auditing in both wallets developed internally by Dunamu Inc. and by a specialized third party.
    — Fiat deposit: Inquiry made to the relevant financial institutions based on the deposit statement held by Dunamu Inc.
    — Venue: Dunamu Headquarter
    Click to see the audit report

Upbit always holds more money and digital assets (digital assets that exceed the required quantity for each digital asset) than the money and digital assets for the customers. For such reason, upon the customer’s request, we are enabled to withdraw Digital assets and fiat without delay.

Thank you.




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