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 .