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South Korean regulator begins sanctions process against Dunamu: Report

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2 outlets - including Cryptobriefing and Cointelegraph - are covering this story. South Korea's FSS has initiated sanctions against Dunamu, operator of Upbit, after a $32 million hack, testing the limits of the Virtual Asset User The post South Korean regulator initiates sanctions process against Dunamu, operator of larg…

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South Korean regulator initiates sanctions process against Dunamu, operator of largest crypto exchange Upbit
Crypto Briefing Jul 19, 10:30 UTC

South Korean regulator initiates sanctions process against Dunamu, operator of largest crypto exchange Upbit

South Korea's FSS has initiated sanctions against Dunamu, operator of Upbit, after a $32 million hack, testing the limits of the Virtual Asset User The post South Korean regulator initiates sanctions process against Dunamu, operator of larg…

South Korean regulator begins sanctions process against Dunamu: Report
Cointelegraph Jul 19, 10:17 UTC

South Korean regulator begins sanctions process against Dunamu: Report

The proceedings come as South Korea’s Virtual Asset User Protection Act lacks explicit sanctions provisions for hacking and computer system incidents, leaving the scope of penalties uncertain.