🇰🇷 South Korea just dropped a bombshell regulation following the Upbit breach. Crypto platforms will now face bank-level liability standards — meaning they'd be on the hook to reimburse users for hack-related losses, even when the exchange itself wasn't negligent. This shifts accountability in ways the industry hasn't seen before.
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ChainSauceMaster
· 1h ago
The little guy finally has an umbrella of protection
🇰🇷 South Korea just dropped a bombshell regulation following the Upbit breach. Crypto platforms will now face bank-level liability standards — meaning they'd be on the hook to reimburse users for hack-related losses, even when the exchange itself wasn't negligent. This shifts accountability in ways the industry hasn't seen before.