CoinVoice recently learned that Upbit released an asset audit report as of 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 by customers, and the cash and cash equivalents held are 104.56% of the amount payable by customers. The audit was conducted by Sung Hyun CPA and covers 204 digital assets and deposits.

Upbit stressed 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. [Original link]