South Korea Plans to Impose Fines on Hacked Crypto Exchanges Up to 10% of Their Losses

Odaily News According to a bill drafted by the Financial Services Commission, South Korean financial regulators plan to impose fines on crypto exchanges that suffer hacking attacks, with the maximum fine being up to 10% of their losses. Currently, the maximum fine is only $456,000. If the bill passes, taking Upbit, which suffered a $36 million loss last November, as an example, it could face a maximum fine of $3.6 million. Additionally, another government proposal is considering imposing fines equivalent to 3% of annual revenue. Data shows that from January 2023 to September 2025, a total of 20 security incidents involving customer funds occurred at Upbit, Bithumb, Coinone, Korbit, and GOPAX.