South Korea's FSS has initiated sanctions procedures against Dunamu, operator of crypto exchange Upbit, following a $36 million hack reported in November 2025. The regulator is reviewing potential violations of the Virtual Asset User Protection Act and plans to address regulatory gaps.
Dunamu has launched 'Upbit Skill,' a new investment tool for AI agents, allowing them to easily access Upbit API functions like market data queries and order placements through natural language commands.
Hana Financial Group to buy 6.55% of Dunamu (Upbit operator) for ₩1 trillion ($669M), the largest bank investment in a South Korean crypto firm, amid regulatory pressures for financial soundness.
South Korea's Hana Financial, POSCO International and Upbit operator Dunamu have moved their blockchain remittance system into live trade transactions.
South Korea's Kbank has signed a strategic partnership with Ripple to test blockchain-based overseas remittances, placing a bank with a central role in Upbit's KRW account access beside one of crypto's longest-running payments infrastructure firms. Local reports describe the work as a technical verification, or proof-of-concept, focused on whether Ripple's infrastructure can improve the speed, […] The post The South Korean bank powering Upbit is testing Ripple integration for cross-border payments appeared first on CryptoSlate.
