Big news in South Korea! Upbit, a huge cryptocurrency exchange (like a place to buy and sell digital money), is in trouble. The government says Upbit broke some rules, and it's fighting back!
Upbit's parent company, Dunamu, is suing because the government partially shut down Upbit's ability to get new customers. They say Upbit made mistakes, but the punishment is too harsh.
- Upbit got in trouble for not checking customer IDs carefully enough.
- The government also says Upbit let people use their service to trade with some shady foreign crypto places.
- Upbit says it fixed its mistakes and is fighting the decision in court.
| Problem | Number |
|---|---|
| Upbit's bad ID checks | Millions of cases! |
| Transactions with bad foreign exchanges | Around 45,000 |
It's a big deal because Upbit is the biggest crypto exchange in South Korea. This shows how important it is for crypto companies to follow the rules.
