I just found out that Korbit received a hefty fine of $1.9 million due to issues with its anti-money laundering controls. South Korea's financial authority found thousands of violations during an inspection last year. Quite serious, honestly.



The interesting part is that while all this is happening, Mirae Asset is negotiating to buy the majority of Korbit for up to $98 million. Strange timing, isn’t it? I guess they see potential even with these compliance issues. Mirae probably believes they can fix it.

I don’t know about you, but these regulatory cases involving Asian exchanges seem to be happening more and more often. Do you think Mirae will manage to close the deal?
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