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

According to FN News, Dunamu, the operating company of the South Korean cryptocurrency exchange Upbit, has announced that it has frozen damaged assets worth 2.6 billion won (approximately 1.77 million USD). Upbit is advancing follow-up processes to securely recover the frozen assets.

Currently, Upbit is utilizing its self-developed on-chain tracking service (OTS) to trace the paths of virtual assets transferred to external sources. At the same time, it is actively collaborating with global cryptocurrency exchanges to prevent further transfers of the assets. A related person from Upbit stated, "Although the damaged assets of customers have all been compensated by Upbit's own assets, we remain committed to tracking and freezing to prevent the assets from falling into the hands of attackers. To create a secure cryptocurrency asset ecosystem, we sincerely request global cryptocurrency exchanges and the blockchain community to cooperate actively."

On the other hand, after replacing all virtual asset wallets and strengthening security measures, Upbit has resumed all virtual asset deposit and withdrawal services on the 6th. Previously, Upbit confirmed a loss of over 44.5 billion won due to the theft of its hot wallet, and the CEO issued an apology letter.