Svmuu News: Korean trader Definalist posted on social media, stating that during Upbit's recent listings of WIF and VVV, there appears to have been suspicious insider trading activity.
Definalist claims that multiple addresses funded by Upbit's hot wallet made purchases ahead of WIF's listing on Upbit and quickly sold off after the listing, with similar on-chain operations observed for VVV. Definalist also noted that Upbit has been frequently testing the STABLE token recently, and some wallets suspected to be related had previously engaged in buying STABLE.