Upbit said it has frozen roughly $1.77 million in assets linked to a recent hack and is investigating the theft while working to recover the funds. The move comes as the exchange continues forensic tracing of transfers tied to the incident.
An accumulator strategy warned it could draw on bitcoin reserves to preserve dividend payments if its share price falls toward net asset value. Such a sale would be rare and could add short-term selling pressure on BTC.

The FTX Recovery Trust is set to distribute approximately $1.6 billion to creditors on September 30, 2025, marking its third major fund distribution since its establishment. This step continues efforts to repay those affected by the FTX collapse.