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News

South Korean Crypto Exchange Korbit Hit With $1.9 Million Fine For 22,000 Compliance Breaches

3 hours ago

South Korea's Financial Intelligence Unit has fined cryptocurrency exchange Korbit 2.73 billion won ($1.9 million) for anti-money laundering breaches. The regulator announced the penalty on December 31, 2025, along with an institutional warning and disciplinary measures against senior executives.

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