South Korea Pushes No-Fault Liability After Upbit Hack

South Korean regulators are pushing strict no-fault liability rules on cryptocurrency exchanges, following a $28 million hacking incident at Upbit, the nation’s largest exchange. The Financial Services Commission will include these measures in its subsequent legislation for virtual assets. TradFi Regulation Applies As Current One Falls Short No-fault liability is a legal principle requiring compensation without proving negligence or wrongful conduct. Victims receive quick, predictable payouts without the burden of proving who was at fault source: https://beincrypto.com/korea-no-fault-liability-on-crypto-exchanges/