Upbit


Finance

Most Influential: Sirgoo Lee

Lee shaped the exchange that defines Korea’s crypto market, but even after his exit this year, the country’s hyperactive retail engine will keep moving.

Upbit Sirgoo Lee

Markets

Upbit Reveals 5.9B-Won Corporate Loss in Latest Hack, Fully Reimburses Users

Upbit said it reimbursed all 38.6 billion won in member assets from its reserves.

FastNews (CoinDesk)

Markets

South Korea Suspects North Korea-Linked Lazarus Behind $36M Upbit Hack

On Thursday, South Korea's largest digital asset exchange, Upbit, suspended deposits and withdrawals after detecting unusual activity in the Solana network tokens.

South Korea investigates possible Lazarus involvement in the Upbit hack. (Image via Shutterstock)

Markets

Korea's Upbit Suspends Deposit And Withdrawal Service After $37M in Abnormal Activity in Solana Tokens

Upbit has suspended digital asset withdrawals after detecting irregular activity involving Solana network tokens.

South Korea's flag (Daniel Bernard/Unsplash)

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Policy

Upbit 'Assessing' South Korean Regulator's Review After $25M Fine

The country's largest crypto exchange shared a case where the Financial Intelligence Unit was proven wrong in the past and had actions overturned in court.

Upbit-logo (CoinDesk Archives)

Finance

Upbit Seeking Nasdaq IPO Following Merger With Naver: Bloomberg

The deal between Upbit and Naver was reported in September, with suggestions that the former's parent Dunamu would be brought under Naver's financial arm.

Upbit-logo (CoinDesk Archives)

Finance

South Korean Crypto Exchange Upbit to Be Acquired by Naver: Report

The deal would bring Upbit's parent Dunamu under the umbrella of Naver Financial.

Upbit-logo (CoinDesk Archives)

Web3

Upbit Operator Dunamu Unveils Layer-2 Blockchain GIWA


GIWA includes the GIWA Chain, a layer-2 blockchain built on Optimistic Rollup technology, and the GIWA Wallet, a crypto wallet with support for multiple blockchains.

Trading chart (Nicholas Cappello/Unsplash)

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Web3

Upbit Parent Files ‘GIWA’ Trademarks Amid Rumors of New Blockchain Launch

A website tied to the name of the project is live, featuring a countdown suggesting an announcement could be made within the next few hours.

Filing cabinet in an office (Maksym Kaharlytskyi/Unsplash)

Markets

South Korea Tells Crypto Firms to Stop Launching New Lending Products as Leverage Risk Builds

Regulators froze new lending products after forced liquidations and market distortions, but some analysts say improvements, not shutdowns, are the smarter path forward.

South Korea's flag (Daniel Bernard/Unsplash)

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