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Upbit parent Dunamu to custody seized crypto for South Korean police

Upbit parent Dunamu to custody seized crypto for South Korean police

Dunamu has secured a one-year contract to take custody of digital assets seized by South Korea’s National Police Agency after winning the agency’s public tender process.

Summary

  • Dunamu has won a one year contract to custody digital assets seized by South Korea’s National Police Agency.
  • Seized cryptocurrencies will be stored through Upbit Custody using offline cold wallets and round the clock monitoring.
  • The police tender followed earlier incidents in which Bitcoin held by South Korean authorities went missing.
  • Dunamu received the highest technical evaluation before securing the final contract after negotiations.
  • The custody platform uses MPC, DKG and multi signature…

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