Dunamu among 7+ firms bidding for South Korean police crypto custody

At least seven companies, including Dunamu, the operator of South Korean crypto exchange Upbit, have submitted proposals to become the first private custodian for virtual assets seized by the National Police Agency, Daehan Gyeongje reported. Other bidders include major custody firms Korea Digital Asset (KODA), Korea Digital Asset Custody (KDAC), BDACS, Hecto Wallet One, Infinite Block, and DSRV. An official from a virtual asset custody firm explained that the selection will likely be finalized next month. The official noted that in a previous pilot project for the National Tax Service, the winning bidder was chosen within one to two weeks after proposal presentations were concluded.