Bitcoin, whose price had remained over $9,000 for most of this month, once again dipped below $8,000 yesterday and today. In fact, the price recently hit a three-week low. One potential reason for the drop may be Mt. Gox, the now-defunct crypto exchange, which is in the process of paying off its creditors. Some have speculated that its trustee sold a large chunk of the bitcoin it had in its coffers, according to Bloomberg. What’s more, South Korean authorities recently raided one of the country’s biggest exchanges, UPbit, which likely impacted bitcoin’s price.
You are viewing a single comment's thread from:
Yep.
Why did they raid the UPbit? What did they do wrong?