The head of South Korea's banking regulator issued a stern warning to Upbit on Monday, signaling that the crypto exchange could face strong measures after a major security lapse enabled hackers to steal roughly 45 billion won ($30.6 million) worth of virtual assets.
Financial Supervisory Service Gov. Lee Chan-jin said the scale and nature of the breach and Upbit’s inadequate response “cannot be treated lightly,” underscoring growing regulat
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