According to SBS Biz, the Korea Digital Asset Protection Foundation announced on December 16 that it has officially begun operations. It has taken over the digital assets of approximately 40,000 users from 5 closed exchanges, including Apro Korea, Ten and Ten, Hanbitco, Qbit, Pay Protocol, and AG, and plans to complete asset transfer negotiations with up to 8 closed exchanges by the end of 2024. Additionally, the foundation will take over user deposits of about 200 million won, which are from the won assets held by Coin Market exchange before the amendment of the Specific Financial Information Act in 2021. The foundation stated that it will return assets through a verification process, temporarily accepting asset inquiries and return applications via email, and plans to launch an official website in January 2025 to provide related services.
