Dunamu "Upbit tracking hacked assets…freezing measures underway"

Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange, said regarding the recent hacking incident that "it is tracking the hacked assets and taking freezing measures."

Oh Kyung-seok, Dunamu's CEO, said on the 28th, "Upbit has suspended deposits and withdrawals of digital assets to protect members' assets, and is tracking digital assets moved outside Upbit to take freezing measures." He said, "The assets damaged identified by Upbit are about 44.5 billion won," adding, "Members' affected assets are about 38.6 billion won, of which about 2.3 billion won have been frozen."

He also mentioned plans for compensation. Oh said, "I reiterate that members' affected assets have been fully covered by Upbit's own assets," and "Upbit is currently overhauling its wallet system and will resume deposits and withdrawals of digital assets as soon as stability is confirmed." He added, "Upbit has activated a company-wide emergency response system to re-examine its overall security systems in relation to this breach," and "we will do our utmost to establish measures to prevent recurrence in the future, such as comprehensive security system enhancement."

He also emphasized willingness to cooperate with investigative authorities. Oh said, "Upbit will continue to closely cooperate with relevant agencies," and "we will transparently inform members of matters that can be disclosed."