A South Korean trader alleged that suspected Upbit-linked wallets bought WIF and Venice Token (VVV) before the exchange’s listing announcements and sold them shortly after trading opened. According to Definalist, a wallet bought WIF on May 6 before Upbit listed it at 14:00:01 and sold at 14:10:14. Definalist also said address 0x4a bought VVV on May 12 before its listing at 14:00:13 and sold at 14:05:21. Separately, Upbit had officially announced that VVV would begin spot trading on May 12 in KRW, BTC and USDT markets, with the older topic stating trading was scheduled for 16:00 local time, creating a timing discrepancy with the newer allegations. The older topic also noted VVV was trading near $17.15, down 2.9% over the prior 24 hours at the time referenced.