Upbit operator Dunamu wins bid for South Korea police crypto custody contract
The post Upbit operator Dunamu wins bid for South Korea police crypto custody contract appeared on BitcoinEthereumNews.com. Dunamu, the operator of South Korean cryptocurrency exchange Upbit, has been selected as the preferred bidder for the Korean National Police Agency’s one-year seized digital asset custody contract. Summary Dunamu has been selected as the preferred bidder to manage digital assets seized by South Korea’s National Police Agency under a one year custody contract. Procurement results placed Dunamu ahead of K DAC and Hecto Wallet One after it received the highest combined technical and price evaluation score. Some industry participants questioned whether the tender requirements gave large exchange operators an advantage, while police said the operator was selected through a fair competitive process. Procurement records published by South Korea’s Public Procurement Service showed that Dunamu ranked first in the bidding process for the project, which will transfer custody