Archives

August 18, 2026 @ 11:14 pm By Omar Faridi  |  

South Korea’s two largest cryptocurrency exchanges, Upbit and Bithumb, experienced substantial drops in overall revenue during the first half of 2026. These results highlight the ongoing pressure from a prolonged downturn in Bitcoin and the wider digital asset market, which has sharply reduced trading activity… Read More

July 22, 2026 @ 12:25 am By Omar Faridi  |  

South Korea’s Financial Supervisory Service (FSS) has formally launched the sanction process against Dunamu, the operator of Upbit, the nation’s largest cryptocurrency exchange by trading volume. The regulator recently delivered an inspection report to the company regarding last year’s significant hacking event, marking the first… Read More

November 30, 2025 @ 9:07 pm By Omar Faridi  |  

Crypto exchange Upbit recently claimed that it had identified and fixed a major codebase vulnerability found in its internal digital wallet system and platform while carrying out an urgent probe into the recent $30 million hack / theft that impacted the South Korean exchange this… Read More

March 30, 2025 @ 10:12 pm By Michael Wong  |  

South Korea’s cryptocurrency market continues to grow, with the number of virtual asset investors surpassing 16 million, nearing the total number of stock investors in the country, news agency Yonhap reported. Data submitted to Rep. Cha Gyu-geun of the minor opposition Rebuilding Korea Party indicated… Read More

November 18, 2024 @ 10:04 pm By Omar Faridi  |  

South Korean authorities are reportedly investigating crypto exchange Upbit for numerous KYC (Know Your Customer) violations. Due to these reported compliance failures at the Korean exchange, Upbit might have to pay fines as high as $71,500 for each case along with potential issues with its… Read More

April 26, 2020 @ 10:32 pm By Samantha Hurst  |  

Korean cryptocurrency trading platform Upbit has reportedly expanded its partnership with Chainalysis, a blockchain analysis company, to provide support across the broader Asia Pacific (APAC) region. According to the duo, Upbit APAC will also use Chainalysis KYT (Know Your Transaction) to ensure safe, secure trading experiences… Read More

January 17, 2020 @ 9:15 am By Cali Haan  |  

Korean cryptocurrency trading platform Upbit reinstated deposits January 13th after shutting them down in late November in response to a $50 million USD hack. Deposits have now been restored following an upgrade to the exchange’s wallet system, the exchange writes in a notice. Customers will, “need… Read More

December 1, 2019 @ 7:21 pm By Cali Haan  |  

After suspending deposits and withdrawals and conducting “an emergency server check,” Korean cryptocurrency exchange Upbit has notified users that it was hacked. The announcement appears as a notice on the exchange’s website: “My name is Lee Seok-Woo, CEO of Doo-Tum…At 1:06 PM on November 27,… Read More

September 21, 2019 @ 11:52 am By Omar Faridi  |  

South Korean digital asset exchange Upbit announced on September 20 that it will delist several privacy-oriented cryptocurrencies including Monero (XMR), Dash (DASH), and ZCash (ZEC). Upbit’s management noted in a blog post that it would also cease trading for PIVX, a privacy-focused proof-of-stake (PoS) currency… Read More

March 15, 2019 @ 9:35 am By Samantha Hurst  |  

Upbit, a digital asset exchange based in South Korea, announced on Friday it is now listing Crypto.com Chain Token (CRO). According to Upbit, the Crypto.com Chain is a high-performing public blockchain powering Crypto.com Pay, which allows customers to pay for goods and services with cryptocurrency… Read More