Kimchi Premium Vanishes, then Returns as Bank Issues Appear to Have Hit Upbit

Widespread reports of a return of the kimchi premium appear to have been shrouded in confusion after bitcoin (BTC) prices plummeted briefly on a number of domestic exchanges before rising back above the USD 62,000 mark - while the market-leading Upbit platform suspended fiat withdrawals, possibly due to a banking issue. The platform announced that it was conducting