Korean Police Agency Designates Upbit's Parent Company as Custodian for Confiscated Virtual Assets, Contract Period 1 Year

BlockBeats News, August 7th, according to Digital Asset, the South Korea National Police Agency has selected Upbit's parent company Dunamu through a public tender to custody the seized virtual assets, with a contract term of 1 year.

The seized digital assets will be managed through the digital asset custody service Upbit Custody, achieving real-time response to regulatory infrastructure within 365 days for custody and management. The service adopts 100% offline cold wallets, 24/7 monitoring, and introduces MPC, DKG multi-key management, and multi-signature technology to ensure asset segregation and security.

Source #Upbit #Dunamu

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