Korbit was fined 1.9 million dollars.

Korbit, a cryptocurrency exchange based in South Korea, is facing a fine of 1.9 million dollars. This penalty was imposed due to violations in anti-money laundering and customer verification processes.

The South Korean Financial Intelligence Unit detected thousands of violations during an inspection conducted in October 2024. This situation significantly affects the safety of investors.

Additionally, it is reported that Mirae Asset has begun negotiations to acquire up to 98% of Korbit's majority stake. The value of this agreement is expressed as 98 million dollars.