A fine of 1.9 million dollars was imposed on Korbit.

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

The South Korean Financial Intelligence Unit identified thousands of violations during an audit conducted in October 2024. This situation significantly impacts the safety of investors.

Additionally, it is reported that Mirae Asset has begun negotiations to acquire up to 98% ownership in Korbit. The value of this potential deal is stated to be $98 million.