Binance Faces The Heat In South Korea Over Frozen $106M GOPAX GoFi Funds
NegativeCryptocurrency

Binance is under scrutiny in South Korea as lawmaker Min Byung-dug questions whether the exchange will compensate investors affected by the collapse of GOPAX's GoFi fund, which lost around $106 million. This situation highlights the ongoing challenges in the cryptocurrency market, especially following the fallout from the FTX scandal in 2022. The outcome could significantly impact investor confidence and regulatory responses in the region.
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