Korbit was fined 1.9 million dollars.

Korbit, a South Korea-based cryptocurrency exchange, is facing a fine of 1.9 million dollars. This penalty was imposed due to violations of 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 impacts the security 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 stated to be 98 million dollars.