Korean crypto exchanges issue warnings on litecoin over confidential transactions

Bithumb and Upbit, two of Korea's Big Four crypto exchanges that account for the majority of trading volume, have issued investment warnings about litecoin following an update that allows transactions to be sent confidentially. 

Litecoin's activation of privacy-focused technology Mimblewimble brings a "confidential transaction" ability to the Litecoin blockchain, enabling users to send tokens while hiding transaction information, Bithumb said in a post on Monday. Upbit also issued a similar warning today. The other two large Korean exchanges, Korbit and Coinone, haven't made any announcements as yet.

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