# Upbit Faces Sanctions After $36M Hack | Bitcoin and Crypto News

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/upbit-faces-sanctions-after-36m-hack-bitcoin-and-crypto-news
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/upbit-faces-sanctions-after-36m-hack-bitcoin-and-crypto-news.md
Podcast: [Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-07-19T10:39:41+00:00
Episode link: https://sources.thednn.ai/cef6d3a28c3aa523
Audio file: https://api.fastcast.ai/audio/f2621591-647c-439b-8b30-50617a7b6f37.mp3
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JSON: https://stenobird.com/v1/public/podcasts/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/episodes/upbit-faces-sanctions-after-36m-hack-bitcoin-and-crypto-news
Duration seconds: 117

## Resource

South Korea’s financial watchdog is sanctioning Dunamu, the parent of crypto exchange Upbit, following a $36 million hack last November — a move that underscores urgent regulatory gaps and sparks a push for new laws to penalize hacks and mandate compensation. Though Upbit delayed its initial disclosure, it later reimbursed all victims and upgraded security, launching an on-chain tracking tool to hunt down stolen assets. As the world’s third-largest crypto exchange, Upbit’s case highlights how regulators and industry are racing to balance innovation with accountability in an era of escalating cyber threats. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/cef6d3a28c3aa523

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## Transcript

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