Wu said he learned that Dunamu, the parent company of South Korea’s largest cryptocurrency exchange Upbit, had consolidated operating profits of 101.8 billion won (approximately US$79 million) in the third quarter, a year-on-year decrease of 39.6%, according to Decenter. Operating income (sales) in the third quarter of this year was 193 billion won (approximately US$148 million), a year-on-year decrease of 29%; net income was 29.5 billion won (approximately US$23 million), a year-on-year decrease of 81.6%.​