Korbit Hit With $1.8M Fine as South Korea Flags Major AML Failures

BitcoincomNews · 2025-12-31T12:11:30+00:00

South Korea's financial watchdog fined crypto exchange Korbit $1.88 million for inadequate user verification, overseas transfer issues, and NFT concerns, amidst increasing regulatory pressure during acquisition discussions.

BitcoincomNews

2025-12-31 12:11:30

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Story Highlights* South Korea’s financial watchdog has fined crypto exchange Korbit $1.88 million.

Regulators found Korbit allowed users to trade without proper verification and flagged issues tied to overseas transfers and NFTs.
The enforcement action comes at a critical moment, as Korbit faces growing regulatory pressure amid acquisition talks.

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