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Opinion NDV: Why a $10.3 billion investment in Upbit is "collecting money"

Author: Lin Wanwan Dongcha Beating

NDV argues that Upbit remains significantly undervalued despite a recent hack, citing strong profitability and market dominance. A proposed merger between the parent company Dunamu and Naver Financial could support a U.S. IPO in 2026, potentially closing the valuation gap with its global peers and positioning the group as a payments-exchange-stablecoin platform. #hack link