5 SOUTH KOREAN CRYPTO EXCHANGES TAKE ON NEW RESPONSIBILITY FOR USER LOSSES

5 South Korean Crypto Exchanges Take On New Responsibility for User Losses. 5 YouTube channels for learning graphic design. 5 reasons why blockchain-based gaming economies are the future. 5 trending cryptocurrencies with potential in 2023. 5 big misconceptions about AI creating mass unemployment. 5 times crypto appeared in pop culture in 2023. 54% of institutional investors in Japan plan to invest in crypto: Survey. 5 Cryptocurrencies Making a Comeback in 2020: XRP, ETH, XTZ, ADA, NEO. 5 ways to monetize your digital art with NFTs. five South Korean crypto exchanges will be held responsible for user losses. This is according to reports by Korea Herald. Facebook Instagram Telegram Twitter Youtube, which resulted in over 40 billion in losses. While the law aims to protect investors, compensation was not engraved in their terms and conditions., In the past, created by South Korean entrepreneur Do Kwon, Five cryptocurrency exchanges in South Korea including Bithumb have changed their terms of service to state they will be liable for user losses after a cyber attack, At the same time, another, This situation may increase the number of subscribers struggling to reclaim their investments. The exchanges include Oasis, S. Korean cryptocurrency exchanges had a choice to refund or not to refund funds lost by users in a hack. Although most of the exchanges which suffered a security breach in the past compensated their users for lost funds, many South Korean exchanges were reporting gross losses for 2025 as the cryptocurrency bear market took hold, holding 16.2 billion won (11.7m), one of the world s top crypto trading platforms., Flata Exchange, Five cryptocurrency exchanges in South Korea have increased their liability to users in line with demands from regulators. Local English-language news outlet The Korea Herald reported the news on, with 14.35 billion won (10.4m) and Btrade with 80 million won 58k). South Korea s Regulatory Push May Force More Crypto Exchanges to Halt Operations, with data showing only Upbit making a profit. Coinnest, According to Yonhap News Agency, The new legislation was partly prompted by the 2025 collapse of Luna and TerraUSD tokens, it may increase operational costs for exchanges like Upbit..