Upbit parent Dunamu faces South Korean regulator sanctions process: Report
Covered by 3 sources · 3 articles
3 outlets - including Tronweekly, Theblock and Cointelegraph - are covering this story. South Korea’s Financial Supervisory Service has launched formal proceedings against Upbit operator Dunamu over its response to the November 2025 wallet breach. Regulators are reviewing whether the exchange complied with customer protection…
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Dunamu Faces South Korean Scrutiny After Major Upbit Hack
South Korea’s Financial Supervisory Service has launched formal proceedings against Upbit operator Dunamu over its response to the November 2025 wallet breach. Regulators are reviewing whether the exchange complied with customer protection…
Upbit parent Dunamu faces sanction process nearly eight months after $30 million hack: report
The severity of any sanctions remains unclear because South Korea's current crypto law contains no direct sanction provisions for hacking or IT failures.
Upbit parent Dunamu faces South Korean regulator sanctions process: Report
Korea’s Virtual Asset User Protection Act lacks explicit sanctions provisions for hacking and similar incidents, clouding the scope of penalties facing the Upbit operator Dunamu.