Key Takeaways Naver Financial, the fintech arm of South Korea’s largest internet company, is moving forward with plans to acquire Dunamu, the operator of Upbit, the country’s biggest cryptocurrency exchange. The agreement will be structured as a share exchange, making…
Key Takeaways Two of South Korea’s leading digital asset exchanges, Upbit and Bithumb, have halted deposits of Synthetix’s token, SNX, following the asset’s designation as a trade warning commodity by the Digital Asset eXchange Alliance (DAXA). The suspension stems from…
Key Takeaways Upbit, a leading crypto exchange in South Korea has received temporary relief from a regulatory suspension that restricted it from onboarding new clients. A South Korean court approved an injunction delaying the Financial Intelligence Unit’s (FIU) three-month ban…
Key Takeaways South Korean authorities have officially confirmed that North Korean hacker groups Lazarus and Andariel were responsible for the 2019 hack of South Korea-based crypto exchange Upbit. The National Office of Investigation announced on November 21 that the hack,…
Key Takeaways On October 10, during a National Assembly audit, South Korean lawmaker Lee Kang-il expressed concerns about the overwhelming market dominance of Upbit, the country’s largest cryptocurrency exchange, and its close partnership with K-Bank, an internet-only bank. Lee warned…
Upbit will stop accepting deposits and withdrawals of digital assets worth more than 1 million Korean won ($721).
Key takeaways : Bithumb, South Korea’s second-largest cryptocurrency exchange, is on a determined journey towards an initial public offering (IPO), a pivotal step in reclaiming its foothold in the market. With a strategic eye on the KOSDAQ market and potential…
The application for a Major Payment Institution (MPI) license in Singapore has been granted in principle to the Singaporean subsidiary of Upbit.
According to Upbit's running company, hackers have targeted the South Korean cryptocurrency exchange more than 159,000 times in the first half of 2023.
Key Takeaways Upbit, South Korea’s leading cryptocurrency exchange, recently faced a significant disruption in its services after encountering a fraudulent token. The incident led to the temporary suspension of Aptos (APT) deposits and withdrawals on September 24th. However, the exchange…
