List of Flash News about hack losses liability
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2025-12-08 15:05 |
South Korea Moves to Require Crypto Exchanges to Repay Hack and System Failure Losses, Even When Not at Fault, After Upbit Breach
According to @CoinMarketCap, citing The Korea Times, South Korea is moving to require domestic crypto exchanges to compensate customers for losses from hacks or system failures even when the platforms are not at fault. The Korea Times reported the policy push follows the recent Upbit breach and would formalize mandatory reimbursement obligations for exchanges operating in the country. The Korea Times said the initiative addresses customer losses tied to security breaches and system outages, indicating a tighter customer-protection regime for Korean trading venues. |