Korbit was fined 1.9 million dollars.

Korbit, a South Korea-based cryptocurrency exchange, is facing a penalty of 1.9 million dollars. 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 inspection 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 percent of Korbit’s majority stake. The value of this deal is said to be 98 million dollars.