Korbit fined $1.9 million for anti money-laundering, customer verification breaches

The South Korean regulator slapped Korbit with a compliance penalty as the crypto exchange conducts talks to be bought by Mirae Asset. What to know : Korbit, a South Korean crypto exchange, was fined $1.9 million for anti-money laundering and customer verification breaches. The Financial Intelligence Unit said it found thousands of violations during an inspection in October 2024. Mirae Asset is in talks to acquire a majority stake in Korbit for up to $98 million.