Korbit was fined 1.9 million dollars.

Korbit, a South Korea-based cryptocurrency exchange, is facing a penalty 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 audit conducted in October 2024. This situation significantly affects the safety of investors.

Additionally, it is reported that Mirae Asset has begun discussions to acquire up to 98 percent of Korbit's majority shares. The value of this agreement is stated to be 98 million dollars.