Regulation· ★★★· bearish·

South Korean lawmakers slam crypto exchanges over 7 incidents and weak security

  • —Seven incidents at five exchanges: five outages and two external hacks
  • —Upbit and Bithumb had two cases each; Coinone, DigitalX and Gopax one
  • —A November 2025 Upbit hack led to about 790 million won in compensation
  • —Bithumb and Gopax were flagged for missing the latest security patches
Why it matters: Parliamentary scrutiny could push South Korea to tighten cybersecurity oversight for exchanges and raise compensation requirements.
Source: Blockmedia
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