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South Korean cryptocurrency exchange Bithumb faces regulatory investigation after mistakenly crediting hundreds of users with 2,000 Bitcoin (BTC) each instead of small cash rewards worth $1.37 during a promotional event. The error triggered immediate selloffs that pushed Bitcoin prices 15.8% below o

South Korea's financial regulator publicly defended ownership limits on cryptocurrency exchanges Wednesday, signaling the government intends to proceed with controversial governance reforms despite opposition from exchange operators and the ruling party. Financial Services Commission Chair Lee Eog-w

South Korea's customs authorities have dismantled an international cryptocurrency laundering network that processed 148.9 billion won ($101.7 million) through unauthorized foreign exchange schemes. Three Chinese nationals were referred to prosecutors Monday for violating the Foreign Exchange Transac

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. Th