TechFlow reported that South Korea's leading digital asset exchange Upbit has released its asset audit report for July 1, 2024. The audit results show that the value of digital assets held by Upbit amounts to approximately 103.23% of customer payable digital assets, while cash and cash equivalents held amount to 104.56% of customer payable amounts. The audit was conducted by Seonghyun Accounting Firm and covered 204 types of digital assets and deposits.
Upbit emphasized that since its first asset audit on June 28, 2018, it has regularly conducted such audits to demonstrate that it holds sufficient assets to cover customer deposits.
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