Odaily News According to the electronic disclosure system of the Korean Financial Supervisory Service on the 28th, Upbit operator Dunamu’s operating profit in the third quarter was 101.8 billion won (approximately US$78.58 million), a decrease of 39.6% compared with the same period last year (168.7 billion won). Operating income (sales) in the third quarter of this year was 193 billion won (US$149 million), a 29% decrease from 271.9 billion won in the same period last year. Net income also fell 81.6% year-on-year to 29.5 billion won (approximately US$23 million). According to analysis, the continued interest rate hikes and the downturn in the investment market caused by the economic recession had a negative impact on Dunamus third-quarter performance, and the decline in net profit was mainly due to valuation losses caused by the decline in virtual asset prices from the previous quarter. (Decenter)