<s>
Upbit	B-Protocol
is	O
a	O
South	O
Korean	O
cryptocurrency	O
exchange	O
founded	O
in	O
2017	O
.	O
</s>
<s>
Upbit	B-Protocol
launched	O
in	O
South	O
Korea	O
on	O
October	O
24	O
,	O
2017	O
with	O
the	O
help	O
of	O
their	O
partnership	O
with	O
American	O
cryptocurrency	O
exchange	O
Bittrex	O
.	O
</s>
<s>
Sirgoo	O
Lee	O
was	O
named	O
CEO	O
of	O
Dunamu	O
,	O
Upbit	B-Protocol
’s	O
parent	O
company	O
,	O
on	O
December	O
21	O
,	O
2017	O
,	O
with	O
Dunamu	O
founder	O
and	O
CEO	O
Chi-hyung	O
Song	O
assuming	O
the	O
role	O
of	O
Chairman	O
.	O
</s>
<s>
Approximately	O
two	O
months	O
after	O
its	O
launch	O
,	O
Upbit	B-Protocol
became	O
the	O
top	O
global	O
cryptocurrency	O
exchange	O
in	O
terms	O
of	O
24-hour	O
trading	O
volume	O
.	O
</s>
<s>
On	O
December	O
21	O
,	O
2018	O
three	O
Upbit	B-Protocol
officials	O
were	O
indicted	O
for	O
allegedly	O
making	O
fake	O
orders	O
.	O
</s>
<s>
In	O
December	O
2018	O
,	O
Upbit	B-Protocol
became	O
the	O
first	O
cryptocurrency	O
exchange	O
in	O
the	O
world	O
to	O
receive	O
certifications	O
from	O
the	O
Korea	O
Internet	O
and	O
Security	O
Agency	O
for	O
Information	O
Security	O
Management	O
System	O
(	O
ISMS	O
)	O
and	O
the	O
International	O
Organization	O
for	O
Standardization	O
(	O
ISO	O
)	O
for	O
information	O
security	O
(	O
ISO	O
27001	O
)	O
,	O
cloud	O
security	O
(	O
ISO	O
27017	O
)	O
and	O
cloud	O
privacy	O
(	O
ISO	O
27018	O
)	O
.	O
</s>
<s>
On	O
November	O
27	O
,	O
2019	O
Upbit	B-Protocol
lost	O
about	O
$48.5	O
million	O
USD	O
worth	O
of	O
Ethereum	B-Application
from	O
a	O
hack	O
.	O
</s>
