Crypto Exchange Korbit Fined $1.90 Million By South Korean Regulators

South Korea’s top money-laundering watchdog has slapped crypto exchange Korbit with a fine worth about ₩2.73 billion, or roughly $1.90 million, after finding widespread lapses in its compliance controls. According to regulator statements and multiple news reports, the move follows an on-site inspection that uncovered thousands of rule breaches and several risky transfers abroad. Regulatory…

2 mins read

Popular Crypto Founder Dumps Millions In Ethereum, Here’s What He’s Buying

Arthur Hayes, co-founder of BitMEX, has captured market attention after executing a high-conviction rotation out of Ethereum and into a select group of decentralized finance tokens. On-chain data, later reinforced by his public remarks, shows a deliberate concentration of capital into specific DeFi protocols he believes are positioned to outperform as liquidity conditions evolve. Ethereum…

3 mins read