PANews reported on December 8th that Dunamu, the operating company of the South Korean cryptocurrency exchange Upbit, stated that it has frozen 2.6 billion won (approximately $1.77 million) worth of damaged assets. Upbit is proceeding with follow-up procedures to safely recover the frozen assets. Currently, Upbit is using its self-developed On-Chain Automated Tracking Service (OTS) to track the path of virtual assets transferred externally. Simultaneously, it is actively collaborating with global cryptocurrency exchanges to prevent further asset transfers. An Upbit representative stated, "While all of our clients' lost assets have been compensated by Upbit's own assets, we continue to relentlessly track and freeze assets to prevent them from falling into the hands of attackers. We urge global cryptocurrency exchanges and the blockchain community to actively cooperate in building a secure crypto asset ecosystem." Meanwhile, after replacing all virtual asset wallets and strengthening security measures, Upbit restored all virtual asset deposit and withdrawal services on the 6th. Previously, it was reported that Upbit confirmed that it suffered a loss of over 44.5 billion won due to the theft of its hot wallet, and the CEO issued an apology letter .PANews reported on December 8th that Dunamu, the operating company of the South Korean cryptocurrency exchange Upbit, stated that it has frozen 2.6 billion won (approximately $1.77 million) worth of damaged assets. Upbit is proceeding with follow-up procedures to safely recover the frozen assets. Currently, Upbit is using its self-developed On-Chain Automated Tracking Service (OTS) to track the path of virtual assets transferred externally. Simultaneously, it is actively collaborating with global cryptocurrency exchanges to prevent further asset transfers. An Upbit representative stated, "While all of our clients' lost assets have been compensated by Upbit's own assets, we continue to relentlessly track and freeze assets to prevent them from falling into the hands of attackers. We urge global cryptocurrency exchanges and the blockchain community to actively cooperate in building a secure crypto asset ecosystem." Meanwhile, after replacing all virtual asset wallets and strengthening security measures, Upbit restored all virtual asset deposit and withdrawal services on the 6th. Previously, it was reported that Upbit confirmed that it suffered a loss of over 44.5 billion won due to the theft of its hot wallet, and the CEO issued an apology letter .
Upbit: Approximately $1.77 million in damaged assets have been frozen, and the remaining stolen funds are being tracked.
PANews reported on December 8th that Dunamu, the operating company of the South Korean cryptocurrency exchange Upbit, stated that it has frozen 2.6 billion won (approximately $1.77 million) worth of damaged assets. Upbit is proceeding with follow-up procedures to safely recover the frozen assets. Currently, Upbit is using its self-developed On-Chain Automated Tracking Service (OTS) to track the path of virtual assets transferred externally. Simultaneously, it is actively collaborating with global cryptocurrency exchanges to prevent further asset transfers.
An Upbit representative stated, "While all of our clients' lost assets have been compensated by Upbit's own assets, we continue to relentlessly track and freeze assets to prevent them from falling into the hands of attackers. We urge global cryptocurrency exchanges and the blockchain community to actively cooperate in building a secure crypto asset ecosystem." Meanwhile, after replacing all virtual asset wallets and strengthening security measures, Upbit restored all virtual asset deposit and withdrawal services on the 6th.
Previously, it was reported that Upbit confirmed that it suffered a loss of over 44.5 billion won due to the theft of its hot wallet, and the CEO issued an apology letter .
Market Opportunity
1 Price(1)
$0.008007
$0.008007$0.008007
USD
1 (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference
The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
Metaplanet raises $1.4B to fuel BTC purchases and U.S. subsidiary launch
Metaplanet Inc. has formalized the subsidiary in Miami, Florida, naming it Metaplanet Income Corp.
Share
Cryptopolitan2025/09/17 23:34
“Inflation Is Worse Than You Think, and Bitcoin Is Better Than You Know”
Official inflation figures often understate the real cost increases households and businesses face. Housing, healthcare, education, insurance, and food prices have risen faster than headline CPI in many economies. Meanwhile, long-term currency debasement—driven by expanding fiscal deficits and accommodative monetary policy—continues to erode purchasing power quietly but consistently.
Share
MEXC NEWS2025/12/25 15:15