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.

South Korean lawmakers are ramping up their efforts to hold Binance accountable for compensating victims of the failed GoFi deposit program linked to GOPAX. This renewed scrutiny comes after a recent parliamentary hearing, highlighting the importance of protecting investors and ensuring accountability in the cryptocurrency market. The push for Binance to repay the $106 million owed to affected individuals reflects a growing concern over the need for regulatory oversight in the rapidly evolving digital finance landscape.