Latest Upbit News

The corrected filing details timeline, caveats and conditions tied to a potential Naver Financial IPO after the Dunamu share swap deal.

The decision closes a legal battle spanning more than a year, after Dunamu moved to overturn the sanction and halt its enforcement.

Naver Financial delayed its Dunamu share swap by about three months as antitrust and crypto law reviews continue and Upbit operator profits decline.

A key lawmaker overseeing financial institutions reportedly sought to secure a job for one of his sons at a crypto exchange while raising concerns about a competitor.

Indonesia’s OJK has identified 29 licensed digital asset and crypto trading platforms, just weeks after tightening digital asset rules.

Binance refutes claims that it froze only 17% of the funds it received that were linked to the Upbit hack, which raised questions over how exchanges act on cross-border law enforcement.

South Korea plans to hold crypto exchanges to the same no-fault compensation standards as banks after an Upbit hack exposed major gaps in consumer protection.

The breach occurred as Upbit’s parent company, Dunamu, sealed a $10 billion acquisition deal with Naver and plans an initial public offering in the US.

Naver Financial plans to acquire Dunamu in a $10.3 billion stock-swap deal, issuing 87.56 million new shares and making the crypto giant a wholly owned subsidiary.

US investors could soon get exposure to South Korea’s active crypto market, as crypto exchange Upbit’s parent company, Dunamu, reportedly eyes a Nasdaq listing.

South Korean crypto exchange Upbit confirmed it has launched Giwa, an Ethereum layer 2 on testnet, focused on one-second block times and optimizing user experience.

Military Bank, a Vietnamese state-controlled lender, has partnered with the parent company of South Korea’s Upbit exchange, Dunamu, to develop a cryptocurrency exchange.

South Korea’s BDACS has rolled out institutional custody support for XRP, following its partnership with Ripple and integration with top South Korean exchanges.

The guidelines are expected to cover leverage limits, user eligibility and risk disclosures for crypto lending activities.

The investor warning from the South Korean regulator comes as Synthetix USD, a stablecoin collateralized with Synthetix tokens, failed to recover its dollar peg.