Lazarus-Suspected Hack Casts Doubt on Upbit’s Future

The hack adds to Dunamu's ongoing regulatory woes. Earlier in November, the Financial Intelligence Unit (FIU) under Korea's Financial Services Commission levied a record 35.2 billion KRW fine ($26.5 million) on the exchange operator for violating requirements on the reporting and use of specified financial transaction information. This is the heaviest penalty the FIU has issued to a crypto firm.Market observers noted the sophistication of the operation. One analyst tracking the fund's movements in real time ...