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According to a joint study by the Financial Supervision Institute (FSS) and the Financial Intelligence Unit (FIU) in South Korea, seven out of ten cryptocurrency exchanges in South Korea failed to fully refund investors' funds after ceasing operations.
FSS emphasizes, "Even if returned, only 1 or 2 staff members are responsible for the return, which has caused great inconvenience to customers." This issue has affected a large number of encryption investors, highlighting the lack of advance notice and insufficient personnel during the repayment process.
More than 6 million Koreans are involved in cryptocurrency trading, regulators emphasize the need to strengthen supervision and strictly abide by upcoming laws to protect investors in the crypto market. (Bitcoin.com)