Upbit completes asset audit for July 2024, significantly holding more user assets

ChainCatcher message, Upbit announced the asset audit report for July 1, 2024. The audit results show that the value of digital assets held by Upbit is approximately 103.23% of the digital assets payable to customers, and the cash and cash equivalents held are 104.56% of the amounts payable to customers. This audit was conducted by Sung Hyun Accounting Firm and covered 204 types of digital assets and deposits.

Upbit emphasizes that since the first asset audit on June 28, 2018, it has been conducting such audits regularly to prove that it holds sufficient assets to cover customer deposits.