Upbit: LUNC transaction fees will be used to establish a virtual asset monitoring center

Upbit, one of the largest cryptocurrency trading platforms in South Korea, announced it will use fees accumulated from LUNC transactions to set up a virtual asset monitoring center after a meeting of an advisory board composed of internal and external experts, News1.kr reported on September 28. The cryptocurrency monitoring Center will use this initiative to help those who suffered losses due to the LUNA crash earlier this year, while also being responsible for protecting Upbit users from unreasonable market activity in the future.