Overview
- The FIU has finished on-site AML reviews of Upbit, Bithumb, Coinone, Korbit, and GOPAX and has shifted cases to legal review and a sanctions committee.
- Dunamu, Upbit’s operator, previously received a 35.2 billion won fine and a three-month halt on new deposits and withdrawals for compliance failures.
- Sanctions will be handed down in the order exchanges were inspected, with local reports indicating Korbit is next in line.
- Regulators expect to finalize remaining decisions by the first half of 2026 after sequential rulings.
- Authorities have reinforced the crackdown by blocking at least 14 unregistered foreign platforms, including KuCoin, and by tightening other crypto services.