Exchanges· ★★· neutral·

Coinone helped return 7.5 billion won to phone-scam victims over three years

  • —About 7.5 billion won returned to victims over three years
  • —2.47 billion won via Seoul police across 83 cases
  • —50.1 billion won via KakaoBank across 412 cases
  • —Since Oct. 1 the exchange runs refunds itself under the revised law
Why it matters: The case shows exchanges taking on refund duties as South Korea tightens rules on telecom fraud compensation.
Source: Digital Today