Dunamu: "Suspension of Business Sanctions Not Finalized... Will Clarify Through Future Procedures"

Dunamu, the operator of South Korea's largest exchange Upbit, has officially responded to reports that it has received a business suspension sanction from financial authorities.

On the 16th, Dunamu stated, "The business suspension sanction reported by a domestic media outlet regarding Upbit has not yet been finalized, and we will thoroughly clarify through future procedures such as the Sanctions Review Committee."

Additionally, they conveyed that even if business sanctions are imposed, there will be no issues with existing customers' transactions. Dunamu explained, "It is understood that the core of the sanction is not the suspension of virtual asset transactions for existing or new users, but rather the restriction on new customers transferring virtual assets outside the exchange for a certain period."