[Upbit Operator Dunamu's Q1 Profit Plummets 78% Due to Decline in Trading Volume] According to Pinpoint News, the operator of South Korean cryptocurrency exchange Upbit, Dunamu, reported a significant drop in its first-quarter performance, with operating profit down 78% year-on-year to 88 billion KRW (approximately $67.7 million). The company's operating revenue fell 55% to 234.6 billion KRW (approximately $180.5 million), and net profit also dropped 78% to 69.5 billion KRW (approximately $53.5 million). Dunamu attributed the poor performance to a decrease in digital asset trading volume amid the global economic slowdown.