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RegisteredNo EU authorizationESMA register

Dunamu Inc.

ExchangeSouth Korea Founded 2017upbit.com
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Last reviewed
27 Aug 2026
2026-08-27

Compliance snapshot

  • KoFIU VASP registration — real-name bank account regime (K-Bank)
  • No EU or UK authorization; KRW-denominated order books dominate volume
  • Regulatory review of AML record-keeping closed with undertakings in 2025
Overall concern
Low concern

Registered VASP with the Korean FIU and real-name banking arrangements, but activity is concentrated in one jurisdiction and one fiat currency with no EU authorization.

Licenses & registrations

  • South KoreaRegistered
    VASP registration (real-name accounts)
    Korea Financial Intelligence UnitKoFIU
    KOFIU-2021-00072021-09-24
    Verify at source
  • SingaporePending
    Exempt payment service arrangement (DPT, in-principle)
    Monetary Authority of SingaporeMAS
    PS-IP-2024-06112024-06-11
    Verify at source
  • IndonesiaAuthorized
    Digital Financial Asset Trader business licence
    Otoritas Jasa KeuanganOJK
    OJK — PT Upbit Exchange Indonesia2025-03-17
    Verify at source

Reputation

Verified reputation data is unavailable

The ratings on file are illustrative and have no source URL or collection date. A verified source and review date are needed before scores can be displayed here.

Customer reviews
Source needed. A direct review-platform source and collection date are needed.
App Store & Google Play
Source needed. Verified store listings and collection dates are needed.
Press sentiment
Source needed. A dated source set and calculation method are needed.
Suggest a reputation source

Recent press

  • 2026-07-30
    Upbit keeps dominant share of Korean spot volumePositive

    Reuters — Domestic market share stayed above 70% following renewed real-name banking arrangements.

  • 2026-07-07
    Upbit-Naver stock-swap deal faces second delay amid crypto law debateNeutral

    The Block — The Naver Financial-Dunamu stock swap was postponed to end-2026, citing Korea's pending Digital Asset Basic Act and proposed exchange-ownership caps.

  • 2026-05-14
    Korean FIU tightens travel-rule reportingNeutral

    Bloomberg — Upbit said its reporting pipeline already meets the revised thresholds.

  • 2026-03-03
    Dunamu explores overseas listingNeutral

    CoinDesk — The operator confirmed early-stage work on an international listing.

  • 2025-11-19
    Korean regulator reviews exchange AML recordsNegative

    Financial Times — A supervisory review of customer verification records concluded with remedial undertakings.

  • 2025-08-07
    Upbit adds institutional custody tierPositive

    Reuters — A segregated custody product for domestic institutions went live.

Incidents & enforcement

  1. 2025-11-27HackUSD 36,000,000

    Hot-wallet theft of roughly USD 36M in Solana-ecosystem assets, attributed by Korean investigators to the Lazarus Group; balances were covered from corporate reserves and deposits/withdrawals resumed after wallet rebuilding.

  2. 2025-11-19Enforcement

    Korean FIU review of customer due-diligence records; closed with remedial undertakings and a corrective plan.

  3. 2019-11-27HackUSD 49,000,000

    Hot-wallet theft of ETH covered in full from corporate reserves; customer balances unaffected.

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Profile last reviewed 27 Aug 2026 (2026-08-27)