FSC Reviews Hana Bank’s Dunamu Stake Under Bank-Crypto Separation Rules
South Korea’s Financial Services Commission is reviewing Hana Bank’s planned 6.55% stake in Dunamu, the operator of Upbit, after the bank announced the deal in mid-May. The investment, valued at roughly 1 trillion won, or about $668 million to $700 million, tests how far traditional banks can move into crypto infrastructure under Korea’s banking-commerce separation […]
South Korean Watchdogs Criticized After $43B Bithumb Bitcoin Payout Error
Bithumb’s February 6, 2026 miscrediting incident spotlighted how a single operational input error can cascade into market dislocation and supervisory backlash.Industry reports said the exchange mistakenly credited users with 620,000 BTC—widely framed as roughly $43 billion—after staff reportedly entered “BTC” instead of “KRW,” creating phantom balances and immediate credibility risk.