[South Korean Financial Regulators Initiate Sanction Procedures Against Upbit Operator Dunamu] According to Yonhap News Agency, South Korea's financial regulators have issued an investigation report to Upbit's operator, Dunamu, initiating sanction procedures. Previously, the company suffered a hacking incident involving 4.45 billion KRW. Since the incident, the Financial Supervisory Service (FSS) has been investigating whether there were violations of the Virtual Asset User Protection Act. However, as there are currently no direct penalty provisions for hacking incidents or computer system failures, it remains uncertain whether severe disciplinary actions will be imposed. The Financial Supervisory Service plans to notify the company in advance with a sanction opinion letter, which will include the level of sanctions, after the company provides an explanation. Subsequently, the final sanction measures will be determined through resolutions by the Sanction Review Committee, the Securities and Futures Commission, and the Financial Services Commission.