Upbit held the first LUNC-related meeting to discuss the use and method of LUNC transaction fees

According to local Korean media News1, the South Korean exchange Upbit held the first LUNC meeting composed of internal and external experts to discuss the use and method of LUNC transaction fees. Among the various commission utilization proposals, there was a "plan to return commissions to injured investors," but some of the six advisory committee members objected, so attention was paid to the feasibility of other proposals. Although the final plan has not yet been determined, the meeting also included a proposal to analyze the cause of the "Terra incident". Foresight News noted that at the end of May, Upbit stated that it would use LUNC transaction fees of 239 BTC (approximately 9.5 billion won at the time) to "return investors."