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Korean crypto gains ground following global industry turbulence
Expectations are growing that Korea could gain ground in the global crypto industry, as Chinese crypto exchanges that once dominated the global coin market are faltering one after another. On Tuesday (local time), Binance, the world's largest crypto exchange, was ordered by the U.S. government to pay a roughly $4 billion settlement. Its CEO, Changpeng Zhao, was also required to step down, following allegations that the exchange allowed trades violating U.S. sanctions, including those linked to Hamas' al-Qassam Brigades. This was followed by HTX's recent entanglement in security risks, following a hacking incident ... (full story)