South Korea's Financial Intelligence Unit (FIU) has accused Dunamu, the operator of the cryptocurrency exchange Upbit, of intentional or grossly negligent verification failures. The FIU's findings suggest that these lapses were not accidental but potentially deliberate, raising significant concerns about the exchange's accountability and regulatory compliance. The failures involve critical post-verification processes, such as monitoring suspicious transactions and updating customer information, essential for preventing money laundering and other illicit activities. As a result, Dunamu could face substantial penalties, including fines and operational restrictions, while the case may influence global regulatory standards for cryptocurrency exchanges.