[REP] - Korbit Addresses

[kingschmidty]

What type of Algorand key?

Account (Wallet Address)

Key

6L63JKTLVR7I5S6R6LSXSGPTZ6XAQEDXTH4V5CJXDGCXBTDJJYAUFBIRPE

Details

I believe that 6L63JKTLVR7I5S6R6LSXSGPTZ6XAQEDXTH4V5CJXDGCXBTDJJYAUFBIRPE, OOOFAW4KOQXXYWRAK7PRW5CJRAJK2G6CLGRZ4I7UUI2RZAROK5JMPBKOQM, TUWEGKET4EGUK6HNPTTRVVV5HHR4A7GGN2PD5ZX5HN2NWIF56YTQWQ4EZQ and MCYCCS4D2RMHF2ZU3ZGTI4VZQVMBNXUOEKNDME2SZJYI7KOXTLJSZMY2DA belong to the Korean exchange Korbit.

Firslty, looking at transaction notes on inflows, you can see a handful of notes indicating Korbit as the destination. https://allo.info/tx/LT6A7WOVXJBLIAOOUTZRQZE4QDX67T3A7ODUGJ2AT7YJLVEJ2G5A (코빗알고랜드지갑 = Korbit Algorand Wallet), https://allo.info/tx/6WPE3KTV2EEJPI34K77GUWNTUYPY3UPZKHGS2BAX55TDC4326CCA (코빗 알고랜드지갑 = Korbit Algorand Wallet), https://allo.info/tx/PMKBMJ4JRRTLX4N7YQDWVOO2QEN7XUBN2MJRGGGOOPHU7Y6ZKNUQ (코빗 = Corbitt), and https://allo.info/tx/NVCHTQGWVNZID4QW2ADTZ4UCSRSCU52GYK6OWI7J3DULPQ7TY2VQ. Each of these close to that 6L63 address.
Full list of Korbit notes:
6L63_deposit_korbit_notes.csv

Another indication that it is Korbit, is that the largest account inflows, are coming from other Korean exchanges, https://flow.algo.surf/address/ZDPBENSNGCZQ75VJXQX2RYFPVHVMUCGBTW4G2DMOW3C3UFSEFF5J4CLN2E, the bunch of Upbit addresses, and the BitThumb (VADH) address. This is consistent with it being another Korean exchange.

The only outflows from the 6L63 address are to OOOF and TUWE, https://flow.algo.surf/address/6L63JKTLVR7I5S6R6LSXSGPTZ6XAQEDXTH4V5CJXDGCXBTDJJYAUFBIRPE. Both of which largely flow into MCYC (https://flow.algo.surf/address/TUWEGKET4EGUK6HNPTTRVVV5HHR4A7GGN2PD5ZX5HN2NWIF56YTQWQ4EZQ and https://flow.algo.surf/address/OOOFAW4KOQXXYWRAK7PRW5CJRAJK2G6CLGRZ4I7UUI2RZAROK5JMPBKOQM). And MCYC largely handles outflows with only receiving inflows from OOOF and TUWE, https://flow.algo.surf/address/MCYCCS4D2RMHF2ZU3ZGTI4VZQVMBNXUOEKNDME2SZJYI7KOXTLJSZMY2DA. Thus it looks like MCYC is the counterpart to 6L63. 6L63 handles inflows. MCYC handles outflows. And OOOF and TUWE coordinate between the two.

Between the transaction notes, and large Korean inflows, it should be understood that 6L63 is the Korean exchange Korbit. The addresses, OOOF, TUWE, and MCYC have activities which complement 6L63 to offer an exchanges full deposit and withdrawal capabilities. Thus, it seems reasonable to conclude that all 4 of these addresses belong to Korbit.