South Korea’s 3rd-Largest Crypto Exchange Penalized For AML Breaches
Coinone’s chief executive is facing an official reprimand after South Korean regulators moved against the crypto exchange for a string of compliance failures, including tens of thousands of unverified user accounts and repeated dealings with unlicensed foreign platforms. Related Reading: Crypto Security Faces New Test As Rogue AI Agents Emerge Regulator Cites Tens Of Thousands […]
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Upbit, one of South Korea’s largest crypto exchanges, reported a major loss after a Solana-network hot wallet was emptied early on November 27, 2025. Related Reading: Stablecoins Push Forward With US Bank Testing Payments On Stellar According to reports, about 54 billion Korean won — roughly $36–37 million — was taken in what the company […]
South Korea’s financial authority is expected to release the long-awaited regulatory framework next quarter, offering clear guidelines for the issuance and distribution of won-pegged stablecoins. Related Reading: Crypto Clampdown: South Korea’s Jeju City Goes After Suspected Tax Evaders Stablecoin Guidelines By October On Monday, local news media outlets reported that South Korea’s financial regulator, the […]
South Korea’s largest cryptocurrency exchange, Upbit, is facing a second major security crisis after 44.5 billion won (around $30–32 million) in digital assets were drained from a hot wallet, with authorities “strongly” suspecting North Korea’s Lazarus Group. According to ICT industry sources and government officials cited by Yonhap News on November 28, investigators are focusing […]
This Friday, the first South Korean crypto regulatory framework has gone into effect after the one-year preparation period. The new law requires firms in the country to comply with stricter requirements to protect investors and their assets. Related Reading: $235 Million Crypto Theft from WazirX Was ‘Perpetrated’ By North Korean Hackers, Report Reveals South Korea’s […]
South Korea’s Financial Intelligence Unit (FIU) has imposed a 6-month partial business suspension and 36.8 billion won fine on one the biggest Korean crypto exchanges, Bithumb. Related Reading: Crypto Push In Korea: Hana Financial And Standard Chartered Unveil New Deal A New Governance Hit On A Crypto Exchange According to Korean outlet News1, the FIU […]