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A cybersecurity breach pushed crypto platform Upbit to halt transfers and rebuild parts of its wallet infrastructure while investigators reviewed abnormal activity and the exchange moved to assure customers their assets remained fully protected. Upbit Races to Fortify Systems After Security Breach South Korean crypto exchange Upbit issued an announcement on Nov. 28 from Oh … Read more
South Korea’s top crypto exchange Upbit is preparing a path toward a Nasdaq listing as part of a forthcoming merger with tech conglomerate Naver, positioning the exchange for a higher global profile. Upbit Charts U.S. Listing Course Through Dunamu-Naver Tie-Up Upbit’s plans were reported exclusively by Seoul Economic Daily (sedaily.com), which said the exchange’s parent … Read more
On Monday, bitcoin drifted between $93,029 and $95,903 per coin, dipping into territory it hasn’t touched since May. While traders braced for the slide, South Korea’s crypto market has kept things spicy with a premium that’s been holding strong since mid-September, peaking at 8.27%. At the moment, BTC is fetching $2,413 more in South Korea … Read more
On social media, the tall tale of a wallet dubbed ‘Mr. 100’ is making the rounds again, with claims that this mysterious figure is scooping up bitcoin while prices sit in the bargain bin. Yet the wallet has long been tied to the crypto exchange Upbit, and these posts seem more interested in spinning theatrical … Read more
Naver has acquired Upbit operator Dunamu through a stock swap, combining South Korea’s largest online platform with its leading crypto exchange to launch a won-pegged stablecoin and pursue global fintech growth. South Korea’s Naver and Dunamu Unite for Global Fintech Push South Korea’s Naver Financial, the fintech arm of internet giant Naver, has acquired Dunamu, … Read more
Upbit must respond to the FSC’s suspension notice by Jan. 20 or face restrictions on new registrations on the platform for six months. Go to Source
Upbit has warned investors as IOST plans a layer-2 transition, with 21 billion new tokens and a tokenomics overhaul. Go to Source
Bitcoin price cooled off at the start of December, but several bullish catalysts support investors’ belief that $100,000 BTC is around the corner. Go to Source
South Korea confirms North Korean hackers Lazarus and Andariel were behind the $50 million Upbit hack in 2019, with the stolen crypto now valued at over $1 billion. Go to Source
Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal. Go to Source
