Korbit’s $1.8M Fumble: When AML Failures Meet South Korean Crypto Drama
On the fateful December 31, as the calendar waltzed to its final dance, the FIU (Financial Intelligence Unit, or as some call them-crypto’s friendly neighborhood enforcers) announced that Korbit had accumulated a delightful souvenir: a 2.73 billion won fine. A number so grand, it almost sounds like an entrepreneurial joke gone wrong, revealing the cozy chaos in its AML and customer verification systems. Think of it as a bureaucratic slapstick-failure after failure, nearly 22,000 violations, all under one roof-sounding more like a seasonal sale than serious regulation. š



