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 in anti-money laundering and customer verification processes.

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

Additionally, it is reported that Mirae Asset has begun negotiations to acquire up to 98 percent of Korbit's shares. The value of this deal is expressed as 98 million dollars.