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Upbit: About $1.77 million in damaged assets frozen, tracking remaining stolen funds

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2025-12-08 01:55:33
According to FN News, Dunamu, the operating company of South Korean crypto exchange Upbit, said it has frozen damaged assets worth 2.60 billion Korean won (about $1.77 million). Upbit is advancing the follow-up process to safely recover the frozen assets.
Currently, Upbit is using its self-developed on-chain automatic tracking service (OTS) to track the path of virtual assets transferred to the outside world. At the same time, it is also actively working with global crypto exchanges to block further transfer of assets. "Although all the damaged assets of customers have been made up by Upbit's own assets, we are still working tirelessly to track and freeze assets to prevent them from falling into the hands of attackers. To create a safe crypto asset ecosystem, we urge the global crypto exchanges and blockchain community to actively cooperate."
On the other hand, Upbit has resumed deposit and withdrawal services for all virtual assets on the 6th after replacing all virtual asset wallets and strengthening security. Previously, Upbit confirmed that the loss due to hot wallet theft exceeded 44.50 billion won, and the CEO issued an apology letter.
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