South Korean lawmaker Min Byung deok stated that cryptocurrency exchange Upbit may face fines of up to 183 trillion Korean won for KYC violations, while referring to domestic banking cases, the fine amount may range from 45 trillion to 95 trillion Korean won.
According to an investigation by the Financial Information Analysis Institute (FIU), Upbit has committed over 9.57 million violations, of which approximately 9.34 million involve customer identity verification issues. At present, FIU has implemented business closure and personnel accountability, but the amount of fines has not yet been determined.
Jinzheng Stock responded to investors on the interactive platform, stating that regarding the "stablecoin" and "virtual asset trading" business products, the company is still facing significant uncertainty in product application scenarios and market size during the research and solution design stage, and is facing the risk of new technology research and commercial application not meeting expectations. As of now, the company has not engaged in stablecoin related business cooperation with JD Group. Investors are advised to carefully identify false information and invest with caution.
According to CertiK Alert monitoring, 6771 ETH have been transferred from the address 0xfcc8 related to the Infini attack incident, of which 5000 ETH (approximately $16.63 million) have been deposited into the privacy trading platform Tornado Cash, and another 1769 ETH (approximately $5.88 million) have been exchanged for Dai and still remain at address 0x762d. In addition, the attacker also deposited ETH into Tornado Cash through the address 0x714.
Previously, it was reported that Infini hackers may return stolen funds and have partially exchanged ETH for DAI.
According to a report by Golden Finance, Citigroup expects the European Central Bank to keep interest rates unchanged this month and cut rates in September, previously expected to do so at next week's meeting. Citigroup strategists stated in the report that they continue to predict that the European Central Bank will cut interest rates twice more this year, but the timing has been adjusted to September and December instead of the previously expected July and September. LSEG data shows that the probability of a rate cut before December in the Eurozone currency market is currently low. (Golden Ten)
