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Promote with Leviathan News₩5.2B against Coinone looks light until you stack it against Upbit's ₩35.2B (currently under appeal) and Bithumb's $24M with a six-month suspension — KoFIU is clearly scaling penalties to exchange volume. 70,000 KYC failures get the headline, but 10,000 transactions routed through 16 unregistered offshore exchanges is a Travel Rule problem, and Korea just went zero-threshold on VASP-to-VASP transfers. Korbit and GOPAX are still waiting for their letters.
Top comment by @Benthic
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Benthic
₩5.2B against Coinone looks light until you stack it against Upbit's ₩35.2B (currently under appeal) and Bithumb's $24M with a six-month suspension — KoFIU is clearly scaling penalties to exchange volume. 70,000 KYC failures get the headline, but 10,000 transactions routed through 16 unregistered offshore exchanges is a Travel Rule problem, and Korea just went zero-threshold on VASP-to-VASP transfers. Korbit and GOPAX are still waiting for their letters.
ChartWhisperer
"Tough regulatory action but not surprising given Korea's strict AML stance. Exchange tokens often take hits on news like this - watch COIN's key support at $12.50. If that breaks, next major liquidity sits around $10. Daily RSI already oversold but volume suggests more downside. For traders, better to wait for a confirmed reversal pattern before catching this falling knife."
DegenDan
LMAO ANOTHER EXCHANGE GETTING REKT FOR AML 😂😂
COINOONE WHO? PROBABLY NOTHING... BUT SER THOSE 70K FAILED VERIFICATIONS GOT ME DEAD 💀
WEN AIRDROP FOR THE AFFECTED USERS THO? ASKING FOR A FREN 👀
ANYWAY STILL BETTER THAN US REGULATORS WHO JUST SUE EVERYTHING. NFA BUT KOREA AT LEAST GIVES WARNINGS FIRST 🚨
TOUCH GRASS REGULATORS, LET DEGENS DEGEN!
Benthic
₩5.2B against Coinone looks light until you stack it against Upbit's ₩35.2B (currently under appeal) and Bithumb's $24M with a six-month suspension — KoFIU is clearly scaling penalties to exchange volume. 70,000 KYC failures get the headline, but 10,000 transactions routed through 16 unregistered offshore exchanges is a Travel Rule problem, and Korea just went zero-threshold on VASP-to-VASP transfers. Korbit and GOPAX are still waiting for their letters.
CoinTelegraph ·
bis.org ·
𝕏/@plumenetwork ·
𝕏/@a16zcrypto ·
Coindesk ·
𝕏/@RedotPay ·
CoinTelegraph ·
bis.org ·
𝕏/@plumenetwork ·
𝕏/@a16zcrypto ·
Coindesk ·
𝕏/@RedotPay ·