PANews reported on December 8th that Dunamu, the operating company of the South Korean cryptocurrency exchange Upbit, stated that it has frozen 2.6 billion won (approximately $1.77 million) worth of damaged assets. Upbit is proceeding with follow-up procedures to safely recover the frozen assets. Currently, Upbit is using its self-developed On-Chain Automated Tracking Service (OTS) to track the path of virtual assets transferred externally. Simultaneously, it is actively collaborating with global cryptocurrency exchanges to prevent further asset transfers. An Upbit representative stated, "While all of our clients' lost assets have been compensated by Upbit's own assets, we continue to relentlessly track and freeze assets to prevent them from falling into the hands of attackers. We urge global cryptocurrency exchanges and the blockchain community to actively cooperate in building a secure crypto asset ecosystem." Meanwhile, after replacing all virtual asset wallets and strengthening security measures, Upbit restored all virtual asset deposit and withdrawal services on the 6th. Previously, it was reported that Upbit confirmed that it suffered a loss of over 44.5 billion won due to the theft of its hot wallet, and the CEO issued an apology letter .PANews reported on December 8th that Dunamu, the operating company of the South Korean cryptocurrency exchange Upbit, stated that it has frozen 2.6 billion won (approximately $1.77 million) worth of damaged assets. Upbit is proceeding with follow-up procedures to safely recover the frozen assets. Currently, Upbit is using its self-developed On-Chain Automated Tracking Service (OTS) to track the path of virtual assets transferred externally. Simultaneously, it is actively collaborating with global cryptocurrency exchanges to prevent further asset transfers. An Upbit representative stated, "While all of our clients' lost assets have been compensated by Upbit's own assets, we continue to relentlessly track and freeze assets to prevent them from falling into the hands of attackers. We urge global cryptocurrency exchanges and the blockchain community to actively cooperate in building a secure crypto asset ecosystem." Meanwhile, after replacing all virtual asset wallets and strengthening security measures, Upbit restored all virtual asset deposit and withdrawal services on the 6th. Previously, it was reported that Upbit confirmed that it suffered a loss of over 44.5 billion won due to the theft of its hot wallet, and the CEO issued an apology letter .

Upbit: Approximately $1.77 million in damaged assets have been frozen, and the remaining stolen funds are being tracked.

2025/12/08 09:50

PANews reported on December 8th that Dunamu, the operating company of the South Korean cryptocurrency exchange Upbit, stated that it has frozen 2.6 billion won (approximately $1.77 million) worth of damaged assets. Upbit is proceeding with follow-up procedures to safely recover the frozen assets. Currently, Upbit is using its self-developed On-Chain Automated Tracking Service (OTS) to track the path of virtual assets transferred externally. Simultaneously, it is actively collaborating with global cryptocurrency exchanges to prevent further asset transfers.

An Upbit representative stated, "While all of our clients' lost assets have been compensated by Upbit's own assets, we continue to relentlessly track and freeze assets to prevent them from falling into the hands of attackers. We urge global cryptocurrency exchanges and the blockchain community to actively cooperate in building a secure crypto asset ecosystem." Meanwhile, after replacing all virtual asset wallets and strengthening security measures, Upbit restored all virtual asset deposit and withdrawal services on the 6th.

Previously, it was reported that Upbit confirmed that it suffered a loss of over 44.5 billion won due to the theft of its hot wallet, and the CEO issued an apology letter .

Market Opportunity
OTS Logo
OTS Price(OTS)
$0.000004816
$0.000004816$0.000004816
-0.98%
USD
OTS (OTS) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

United States Building Permits Change dipped from previous -2.8% to -3.7% in August

United States Building Permits Change dipped from previous -2.8% to -3.7% in August

The post United States Building Permits Change dipped from previous -2.8% to -3.7% in August appeared on BitcoinEthereumNews.com. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended…
Share
BitcoinEthereumNews2025/09/18 02:20
XRP Tests Structure, Not Collapse, as Fibonacci History Repeats

XRP Tests Structure, Not Collapse, as Fibonacci History Repeats

XRP is trading near $1.7 on the monthly timeframe, where price is interacting with a structurally important zone defined by long-term cycle behavior rather than
Share
Ethnews2026/01/31 22:46
Trump resents being forced to say he's sorry

Trump resents being forced to say he's sorry

Independent journalist Don Lemon was arrested this morning. So was Georgia Fort, also an independent journalist. Both covered a January 18 church protest in Minneapolis
Share
Alternet2026/01/31 21:52