Upbit is a major South Korean cryptocurrency exchange serving digital asset traders with high-liquidity spot markets and regulated local market access.
Three major Samsung affiliates have joined a massive consolidation wave in South Korea’s digital asset sector, acquiring a $408 million equity piece of Dunamu to collaborate on stablecoins, tokenized securities, and blockchain payments.
In the largest-ever investment by a South Korean bank into a digital asset firm, Hana Bank is acquiring a $670 million stake in Dunamu to secure its position in the evolving financial landscape.
Global crypto exchange OKX and Korea Investment & Securities are reportedly seeking 20% stakes each in Coinone. This move follows a string of massive institutional acquisitions in the South Korean digital asset market.
South Korea’s leading exchange, Upbit, has launched a B3/KRW trading pair, providing one of the world’s most active retail markets with direct access to the Base-linked Layer-3 token.
South Korean authorities are investigating a possible connection between the recent $36 million hack of the Upbit crypto exchange and the North Korea-linked Lazarus Group.
South Korean tech giant Naver and Upbit operator Dunamu plan to invest 10 trillion Korean won ($6.8 billion) over five years to build a next-generation financial infrastructure leveraging AI and blockchain technology.
Upbit reported a security breach on the Solana network, resulting in the unauthorized withdrawal of approximately $38 million in various Solana-based assets.
Naver Financial has announced a definitive plan to acquire Dunamu, the operator of the Upbit crypto exchange, in an all-stock transaction valued at approximately 15.1 trillion won ($10.3 billion).