Korea Police Agency Reveals Tender Results: Upbit’s Parent Company Dunamu Wins the Bid, Becoming the Official Custodian of Seized Digital Assets Under a 1-Year Contract.
Notably, this is not just simple custody, but a “national-level” endorsement of a complete security architecture. Upbit Custody uses 100% offline cold wallets plus 24/7 monitoring, and introduces MPC, DKG multi-key management, and multi-signature technologies to achieve asset isolation and tamper resistance.
Several points worth paying attention to:
First is the combination of “cold wallet + MPC.” Traditional cold wallets are offline secure, but if a private key is leaked, the assets are effectively lost. By contrast, MPC (multi-party computation) splits the private key into multiple fragments; transactions require coordinated multi-party signing to be completed, meaning no single party can move the assets alone. With both mechanisms layered together, it’s like adding a “distributed safe deposit box” to the cold wallet.
Second is DKG (distributed key generation) technology. The key is split during the generation phase itself, avoiding the potential single-point leakage risk that can exist in a workflow of “generate centrally, then distribute.”
Third is the signal it sends. As South Korea is a globally active market for crypto trading, the police’s choice of a leading exchange rather than building its own system reflects recognition of compliance and security capabilities at top platforms. The push toward compliance is expanding from the “trading side” to the “law-enforcement side.”
From a market perspective, the model of cooperation between law-enforcement agencies and licensed custodians could become one of the regulatory templates going forward.
#韩国 #虚拟资产 #Upbit
Notably, this is not just simple custody, but a “national-level” endorsement of a complete security architecture. Upbit Custody uses 100% offline cold wallets plus 24/7 monitoring, and introduces MPC, DKG multi-key management, and multi-signature technologies to achieve asset isolation and tamper resistance.
Several points worth paying attention to:
First is the combination of “cold wallet + MPC.” Traditional cold wallets are offline secure, but if a private key is leaked, the assets are effectively lost. By contrast, MPC (multi-party computation) splits the private key into multiple fragments; transactions require coordinated multi-party signing to be completed, meaning no single party can move the assets alone. With both mechanisms layered together, it’s like adding a “distributed safe deposit box” to the cold wallet.
Second is DKG (distributed key generation) technology. The key is split during the generation phase itself, avoiding the potential single-point leakage risk that can exist in a workflow of “generate centrally, then distribute.”
Third is the signal it sends. As South Korea is a globally active market for crypto trading, the police’s choice of a leading exchange rather than building its own system reflects recognition of compliance and security capabilities at top platforms. The push toward compliance is expanding from the “trading side” to the “law-enforcement side.”
From a market perspective, the model of cooperation between law-enforcement agencies and licensed custodians could become one of the regulatory templates going forward.
#韩国 #虚拟资产 #Upbit