TLDR South Korea’s FSS has started sanction procedures against Dunamu over Upbit’s $30 million hack. The regulator sent Dunamu an inspection report nearly eight months after the November 27 breach. Hackers transferred 44.5 billion won […]
South Korea begins sanctions proceedings against Upbit operator Dunamu after hack. FSS reviews Dunamu’s response before deciding possible enforcement measures. Legal gaps may influence penalties and future crypto oversight in South Korea. South Korea has […]
Korean firms denied formal Open USD membership despite appearing on the alliance’s public roster. Several companies said Open Standard only discussed possible participation without agreements. The dispute adds scrutiny as South Korea reviews tighter rules […]
TLDR Samsung said it had no official consultation before appearing in the OUSD stablecoin consortium disclosure. Dunamu, Shinhan, and Kbank said they only agreed to review Open Standard’s earlier participation inquiry. Open Standard announced OUSD […]
Samsung affiliates will buy a 4% stake in Dunamu for $408 million. Samsung Securities gets 2% while Samsung SDS and Samsung Card each get 1%. The three Samsung units will cooperate on tokenized securities, blockchain, […]
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