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TheCoinRepublic

South Korea to Impose Bank-Level Liability on Crypto Exchanges After Upbit Hack

Key Insights The Upbit hack in November, 2025, where attackers drained 104 billion Solana-based tokens worth $30.1 million won in just 54 minutes has forced Seoul regulators into action. The Financial Services Commission (FSC) unveiled draft rules that would impose strict, bank-style liability on exchanges for user losses regardless of fault. The breach, disclosed hours [...]The post South Korea to Impose Bank-Level Liability on Crypto Exchanges After Upbit Hack appeared first on The Coin Republic.

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