Listing Details

• Trading Pair: FIL/KRW
• Trading Start Time: April 4, 2025, 07:30 UTC
• Supported Network: Filecoin (FIL)

Upbit users must ensure that deposits are made only through the Filecoin network. Deposits from unsupported networks will not be processed and may take a long time to return.

Trading Restrictions in the First Hour

• Buying will be restricted for the first 5 minutes.
• Selling orders must be at least 90% of the previous day’s closing price for the first 5 minutes.
• Only limit orders will be accepted for the first 1 hour.

These measures aim to reduce market volatility and ensure a smooth trading experience.

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What is Filecoin (FIL)?

Filecoin is a decentralized storage network built on the InterPlanetary File System (IPFS). It allows users to store data securely while enabling storage providers to earn FIL tokens as payment.

• Official Website: Filecoin.io
• Official X Account: Filecoin X

The cryptocurrency market is highly volatile, and investors should be prepared for rapid price fluctuations. Upbit is implementing temporary trading restrictions to create a stable trading environment. Additionally, investors should be aware of price differences between local and global exchanges.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Upbit Exchange Announces a New Listing! appeared first on Coin Engineer.

This asset disaster that Upbit faced, the largest crypto exchange in South Korea, also emerged with the discovery of a fake deposit in the early hours of Sunday. Additionally scammers successfully managed to deposit a fake token onto the platform by portraying it as a real Aptos (APT) token.

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While the real APT has a price with eight decimal places, the fake APT asset had a price with six decimal places and Upbit, noticed this difference quickly, thus contributing to the prevention of a serious crisis. According to Definalist’s estimate, if the fake coin had a price with eight decimal places, thousands of investors could suffer significant losses and this could have led to Upbit’’s bankruptcy.

Amazing Korean exchange upbit incident today

1. The Largest S.Korean exchange @Official_Upbit , abruptly halted Aptos' deposits and withdrawals, citing a wallet system maintenance without any specific reason

2. Various Korean users have posted authentication claiming that they… pic.twitter.com/OjfCwhB4eV

— Definalist (@definalist) September 24, 2023

According to social media shares, people claim that a flaw in the system is identifying all transactions as the same APT token. So this flaw appears to have caused the Aptos ecosystem to incorrectly classify any cryptocurrency transfer to the Upbit wallet as the APT local token.

After the incident, the exchange managers are making efforts to resolve the issue and are requesting a refund from those who led to the fake token swap.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram  ,YouTube and Twitter channels for the latest news and updates.

The post UpBit Faced a Fake Asset Disaster! appeared first on Coin Engineer.