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Dunamu, the owner of Upbit, one of South Korea’s biggest crypto exchanges by trading volume, saw a drop of 81.6% in net profit in the third quarter of 2023 compared to the same period last year. The company reported a net profit of 159.9 billion Korean won (KRW), worth around $123 million, in
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With the license, Upbit will now be able to offer digital payment token services to institutional investors. However, it still awaits a full MPI license from the MAS. Upbit, South Korea’s largest exchange in terms of volume, has achieved in-principle approval for a Major Payment Institution (MPI) license in Singapore
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The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore.On Oct. 16, Upbit Singapore said the Monetary Authority of Singapore (MAS) gave the in-principle license nod, allowing it to continue with digital payment token services
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South Korea’s largest exchange, Upbit, suffered 159,061 attacks during the first half of 2023. According to the local media Yonhap, it is nearly 2.17 times more than in 2022. To fight back against the increasing trends of hacking attacks, the company increased the portion of funds it held in cold wallets by
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South Korean cryptocurrency exchange Upbit has been targeted by hackers on more than 159,000 occasions in the first half of 2023, according to its operating firm. The figures were reported by Dunamu — the firm operating Upbit — to South Korean Representative Park Seong-jung of the People Power Party, according to
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GLMR, the native crypto of the Moonbeam protocol, surged over 50% after news broke of its upcoming listing on the South Korean crypto exchange, Upbit. Moonbeam’s native token, GLMR, is experiencing a significant surge, rising by over 50% in the last 24 hours. The surge comes on the heels of a Sep.
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Though Upbit quickly moved to halt deposits and withdrawals, that decision came after the fake APT token had already made its way into 400,000 Aptos wallets. Upbit, the largest cryptocurrency exchange in South Korea, has resumed withdrawals and deposits of the Aptos (APT) token. This follows an earlier decision by the
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During the deposit process of $APT coins on UpBit, there was an oversight in verifying type arguments, causing all transfers to be identified as native APT tokens. Under standard protocols, certain checks should differentiate tokens, but this wasn't the case, user MingMingBBS, co-founder of Tuna_Bot, said to Definalist. Source
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South Korea cryptocurrency exchange Upbit has resumed Aptos (APT) deposits and withdrawals again after fixing an issue that saw a scam APT token incorrectly recognized as the real deal. On Sept. 24, Upbit abruptly halted Aptos token services after noting an “abnormal deposit attempt,” prompting an inspection of the wallet
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