Korbit has settled a $2 million penalty for AML compliance failures. This move reflects the intensifying regulatory crackdown on crypto exchanges worldwide. As authorities tighten oversight, exchanges face mounting pressure to strengthen their anti-money laundering frameworks. The case signals a clear trend: compliance standards in the crypto sector are no longer negotiable. Platforms that lag behind on KYC and transaction monitoring protocols will face escalating enforcement actions. For traders and institutional players, this reinforces the importance of choosing exchanges with robust compliance operations.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
RamenDeFiSurvivorvip
· 6h ago
Another news about an exchange being fined, this time it's Korbit. Two million dollars are gone just like that. Compliance really can't be taken lightly.
View OriginalReply0
zkProofInThePuddingvip
· 6h ago
Another exchange fined, there's really no way out now. Exchanges, it's time to wake up.
View OriginalReply0
RugpullTherapistvip
· 6h ago
Two million in fines? Korbit is being exploited, just pay the protection fee to stay compliant.
View OriginalReply0
OnChainDetectivevip
· 6h ago
Wait, a $2 million fine? That number is too clean. I need to check out Korbit's on-chain wallet clusters... Does stricter KYC actually indicate what? Are institutions buying insurance for themselves before passing the buck?
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)