South Korea’s FIU investigating Upbit for failing to verify 500,000–600,000 accounts properly. Upbit could face billions in fines for KYC violations under South Korea’s laws. The exchange’s license renewal is delayed as the FIU scrutinizes possible illegal activity. South Korea’s Financial Intelligence Unit (FIU) is probing cryptocurrency exchange Upbit for what may become one of the largest Know Your Customer (KYC) scandals in the history of the industry. The investigation centres on up to 600,000 accounts that allegedly failed to

“This report tells the story of progress and calculated risk, the use of a diverse set of strategies to leverage opportunities and most of all, the continued belief in the market’s long-term potential to reshape traditional financial markets” Lucas Schweiger, Sygnum Digital Asset Research Manager and report author, said in the press release shared with CoinDesk.

The 25-year-old has been missing since he was abducted along with three others from a condo in the city on June 21. The other abductees, two women and one man, were located by police hours later. In August, Joanie Lepage, 32, was charged with first-degree murder of Mirshahi and the abduction of Mirshahi and the three others. It is not known if her actions are linked to Mirshahi’s cryptocurrency ventures.

However, Republicans clinched it with the election of Juan Ciscomani in Arizona, giving the party enough seats for a majority. Republicans lead in a handful of other races as well as of press time, and may hold up to 222 seats if current results hold. The party is about to lose a few lawmakers, with Trump naming Representatives Matt Gaetz, Elise Stefanik and Mike Waltz to executive branch roles, meaning they’ll have to resign their seats. Gaetz, who Trump said

The New York Post has published a news story alleging the Federa Bureau of Investigations has seized a phone and electronics from Polymarket CEO. Sources reportedly see this as political retriution after the betting market platform predicted the 2024 US election. The Federal Bureau of Investigation has reportedly seized the phone and electronics of Polymarket chief executive officer Shayne Coplan. On Nov. 13, the New York Post reported that the FBI seized Coplan’s phone early Wednesday, with sources saying FBI

Robinhood has relisted major altcoins Solana, XRP and Cardano for its US customers. The platform also added support for Pepe, news that saw PEPE price skyrocket. Robinhood Crypto announced on Wednesday that it had added support for four digital assets – Solana, Pepe, Cardano and XRP. The popular trading app now supports SOL, ADA, XRP and PEPE for its US customers, according to the announcement. Robinhood relists major tokens The move brings the number of supported cryptocurrencies on Robinhood to