The South Korean financial regulatory authorities imposed a fine of 35.2 billion won on Upbit operator Dunamu.

Techub News, according to News1, South Korea's Financial Services Commission's Financial Intelligence Unit (FIU) has imposed a fine of 35.2 billion won (approximately $24.35 million) on Dunamu, the operator of the virtual asset exchange Upbit. This action is a follow-up measure taken after disciplinary actions, including a three-month business suspension, were imposed on Dunamu executives and employees on February 25. The penalty was issued for violations of the Specific Financial Information Act, including prohibited transactions with unregistered virtual asset operators, failure to fulfill customer due diligence obligations, failure to implement transaction restrictions, and failure to report suspicious transactions. Dunamu stated that it accepts the decision.