South Korea's FSS Launches Sanction Procedure Against Dunamu, Upbit Operator, Following 44.5B Won Hack

According to Yonhap News Agency, South Korea's Financial Supervisory Service (FSS) has launched a sanction procedure against Dunamu, operator of cryptocurrency exchange Upbit, following a 44.5 billion won (approximately $34 million USD) hack. The FSS has issued an investigation report to the company and is determining whether violations of the Virtual Asset User Protection Act occurred.
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