South Korea Weighs Tighter Crypto Rules After Suspected Lazarus Hack on Upbit

Dec 02 2025 crypto


South Korea is strengthening its digital asset governance following a $32 million hack at Upbit exchange, attributed to the Lazarus group, and widespread AML compliance failures across major platforms. Regulators are imposing stricter rules, including mandatory identity verification for all transactions and penalties on non-compliant exchanges, to combat money laundering and illicit activities in the [...]

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