#美国贸易赤字状况 The actions of South Korean regulators have imposed a "tightening" on the security defenses of crypto exchanges.

The origin of this is last November when Upbit was hacked and robbed of $36 million. Under the old penalty standards, the fine would be at most $45,600 — essentially a drop in the bucket. But the recent draft bill from the Korea Financial Services Commission completely changes this approach: from now on, if an exchange is hacked, the fine will be calculated based on 10% of the stolen assets. In other words, Upbit will have to pay $3.6 million this time, nearly 8 times the previous maximum fine.

It's not over yet. The draft also includes a second point: fines of up to 3% of the exchange's annual revenue, which can reach $36 million. At the same time, the security requirements for exchanges' IT systems have been raised — they must match the protection levels of traditional financial institutions, meaning significant increased investment.

Although these provisions are still under discussion, the logic is clear: they want exchanges to pay real money for security, pushing the entire industry to upgrade its security systems. With these measures, the security competition among crypto exchanges will only intensify.