TechFlow reported, according to South Korean media hankyung, that Binance, the largest shareholder of South Korean crypto exchange GOPAX, once sold victims' asset claims at less than half of their face value.
It was reported that Binance had previously committed to fully compensate investors for losses incurred on the GoPax platform (approximately 70 billion KRW at the time), but in practice, carried out compensation by selling victims' asset claims at a discount without notifying the victims. Binance sold Gopax's Genesis asset claims at less than half price. Subsequently, virtual asset prices surged, causing Gopax to suffer losses of at least several hundred billion won.
Add to Favorites
Share to Social Media
