#UPBIT

Highlights: South Korea has lifted the suspension that the FIU recently imposed on Upbit. The FIU had accused Upbit of violating KYC requirements in its transactions. Upbit will continue operating as the case continues after the injunction. A South Korean […]

Highlights: Prosecutors raided Bithumb over claims of fund misuse involving former CEO Kim Dae-sik. Bithumb is facing new allegations that projects paid high fees to get listed on the exchange and Upbit. Bithumb is pushing ahead with IPO plans despite […]

Highlights: South Korea is making stricter rules to stop money laundering through crypto. A new task force will track fraud, phishing, and transactions to stop financial crimes. Authorities are watching Japan’s move and may follow if Bitcoin ETFs get approval. […]

Highlights: Upbit cannot process crypto deposits and withdrawals for new users for three months due to violations. Authorities found that Upbit failed to verify customer identities and processed transactions with unregistered service providers. Upbit is making changes and is working […]

Highlights: Upbit faces FSC sanctions for failing to verify over 700,000 customer identities. Regulators warn of heavy fines, possible suspension, or stricter compliance measures. Cryptocurrencies are coming under more scrutiny in South Korea, affecting exchanges and institutional trading policies. The […]

Highlights: LAYER falls 16% to $1.08 despite Upbit listing hype. Volume soars 5.2M% to $2.1B in 24 hours. Profit-taking and competition weigh on price. The Solayer price has plunged 16% in the last 24 hours to trade at $1.08 as of […]

Highlights: Upbit and Bithumb will pay users 3.5 billion won for system failures during the martial law declaration. Financial regulators have demanded improved servers and emergency plans to protect cryptocurrency investors in South Korea.  The former CEO of Bithumb has […]

Highlights: South Korea’s FIU issues a suspension notice to Upbit for violating KYC and AML rules. Upbit could face suspension of up to six months, affecting new user activity and withdrawals. South Korea strengthens crypto regulations and collaborates with the […]

Highlights: Sonic SVM soars 55%, hits $0.9063 amid $2.4b trading volume surge Whales drive SONIC momentum, eye $2.17 target Tap-to-Earn feature propels SONIC to the top gaming token spotlight The Sonic SVM price has soared 55% in the last 24 […]

Highlights: Upbit has reportedly returned $6 million to about 380 victims of telecom scams. Per reports, the fund recovery processes involved combined efforts from Upbit’s operator, Dunamu, and the Seoul Metropolitan Police. Upbit has adopted a similar recovery technique to […]

Highlights: South Korean police have confirmed an over 300K ETH crypto theft years after the malicious actors pulled the heist. The law enforcement agency implicated some North Korean entities in the cybercrime. After five years, the police succeeded in recovering […]

Highlights: Upbit faces scrutiny for 600,000 suspected KYC violations during its license renewal review. Regulators link Upbit’s compliance issues to its dominant market position, raising competition concerns. Despite investigations, Upbit is expanding its trading options, listing new tokens like PEPE […]