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Leowrld⚡
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Upbit Exchange Refunds $6 Million to Users. South Korea’s largest cryptocurrency exchange, Upbit, has paid out around 8.5 billion won ($6.07 million) to 380 victims of phone scams. Thanks to its real-time fraud detection system (FDS) and close coordination with the police, Upbit’s operator, Dunamu, was able to block the illegal transactions and recover the stolen funds. The success underscores the exchange’s commitment to protecting user assets amid the rise in cryptocurrency scams.
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