South Korea Plans Bank-Level Compensation for Crypto Exchanges After Upbit’s Solana Token Breach

South Korea is implementing bank-level no-fault compensation rules for crypto exchanges after the Upbit hack, requiring platforms to cover user losses from security breaches or system failures regardless of fault, enhancing consumer protection in the digital asset sector. South Korea's Financial Services Commission is revising laws to apply no-fault liability to crypto exchanges, mirroring standards [...]