South Korea plans to fine cryptocurrency exchanges that have been hacked up to 10% of the stolen value.

PANews reported on January 9th that, according to Seoul Kyungjae, South Korea's Financial Services Commission (FSC) has drafted a new bill proposing fines of up to 10% of stolen assets against cryptocurrency exchanges that have been hacked. This draft bill comes against the backdrop of the $36 million attack on Upbit in November 2025. If the new regulations had been in effect at that time, the fine would have reached $3.6 million, far exceeding the current $456,000 cap. The FSC emphasizes that exchanges must meet IT security standards comparable to traditional financial institutions. Another bill proposes a fine of 3% of annual revenue, potentially reaching $36 million; the direction of this regulatory legislation is still under discussion.