Lee Sirgoo, CEO of Dunamu, the parent company of South Korea's largest crypto exchange Upbit, has publicly apologized for a recent security breach on the platform. Lee admitted that the attack was caused by internal security vulnerabilities and pledged that users would not be harmed in any way. Dunamu said in a statement that the total amount of assets affected by the incident was approximately 44.5 billion Korean won. Of this amount, 38.6 billion won was recorded as user funds, 2.3 billion won as assets frozen due to suspicious activity, and the company's losses totaled approximately 5.9 billion won. The company emphasized that all user funds would be reimbursed and that no customer would experience any losses. Lee Sirgoo stated in a statement that existing security protocols were inadequate and that all systems were comprehensively reassessed following the incident. He also stated that Dunamu will work with external auditors to strengthen its cybersecurity infrastructure and prevent similar incidents from occurring again. While Upbit has stated that it has implemented strict security measures in recent years, this latest incident has raised concerns within the South Korean cryptocurrency sector. Authorities stated that the investigation is ongoing and that work is ongoing to identify the actors behind the attack. Dunamu announced that it will re-establish security and mobilize all resources to regain user trust. *This is not investment advice. Continue Reading: Bitcoin Exchange Upbit, Targeted by Hackers, Issues Reassuring Statement to Its Users! Here Are the Details
