🚨 Upbit Operator Dunamu Fights Back Against Business Sanctions 🚨

🔹 Dunamu, the operator of Upbit, South Korea’s largest crypto exchange, has filed a lawsuit against the Financial Intelligence Unit (FIU) to overturn a 3-month business suspension set to begin on March 7, 2025.

🔹 FIU Allegations:

⚠️ 45,000 transactions linked to 19 unregistered foreign exchanges

⚠️ 34,000+ cases where transactions were approved without proper ID verification

⚠️ Hundreds of thousands of violations of customer verification protocols

🔹 Dunamu’s Response:

✅ Claims compliance measures have been improved

✅ Calls the sanctions too severe

✅ Filed a lawsuit to overturn the penalties and requested a stay of execution

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💬 Is this a fair crackdown or an overreach by regulators? Let’s discuss! 👇

#Upbit #Dunamu #CryptoRegulation #SouthKorea #Bitcoin #CryptoNews #UpbitSuspension #TraderProfile #BinanceAlphaAlert #MemesNotSecurity

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