MarketPR
South Korean cryptocurrency exchanges facilitated roughly 90 billion won ($60.2 million) in transactions with overseas virtual asset businesses operating without government registration, according to a study from Hansung University's Blockchain Research Institute released June 8.
Researchers tracked more than 87,000 deposit and withdrawal transactions between January and May, revealing a measurable gap between the country's stringent crypto rulebook and cross-border enforcement in practice.
Tapbit and CoinMii Concentrated the Flow The bulk of those 87,000 transactions ran through two platforms: Tapbit and CoinMii.
Industry observers have flagged both exchanges in connection with copy trading scams — arrangements in which users automatically mirror the trades of selected investors, a model that has produced significant losses for retail participants.
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