Bithumb fined $25M and faces six-month partial suspension over 6.65M compliance failures

South Korea's Financial Intelligence Unit imposed a 36.8 billion won ($25 million) fine and ordered a six-month partial business suspension against Bithumb after finding about 6.65 million compliance breaches. The violations mainly involved failures to properly verify customer identities and restrict certain transactions, while KRW trading pairs continue to dominate activity with roughly $724 million in 24-hour volume.