Huo Xing Finance reports that on August 7, according to Digital Asset, the Korean National Police Agency selected Dunamu, the parent company of Upbit, through a public tender to manage seized virtual assets for a one-year contract. The seized digital assets will be managed through Upbit Custody, a digital asset custody service, enabling real-time response to regulatory infrastructure and secure custody and management over 365 days. The service employs 100% offline cold wallets, 24/7 monitoring, and integrates MPC, DKG multi-key management, and multi-signature technologies to ensure asset isolation and security.
South Korean Police Select Dunamu for Seized Crypto Asset Custody
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Summary
South Korean police have engaged Dunamu, operator of Upbit, under a one-year contract to manage seized cryptocurrency assets. The custody service will employ 100% offline cold storage, 24/7 monitoring, and multi-key management to prevent potential security breaches. This initiative follows growing attention to the need for secure storage solutions for digital assets. Upbit Custody will ensure asset isolation and security through MPC/DKG and multi-signature technology.
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