June 20, 2024

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70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says

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70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says
70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator SaysA joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in South Korea failed to fully return investors’ money after ceasing operations. “And even if they did, just one or two employees were tasked with giving […]