South Korea’s financial regulatory agency recently announced that it is considering the implementation of specific regulatory measures to combat the abuse of cryptocurrency mixers, also known as tumblers, in order to prevent them from becoming tools for money laundering by criminal organizations. This action reflects growing concerns over the misuse of mixers, which were originally intended to protect privacy but are increasingly being used for illicit financial activities.
South Korean regulators to take action against illegal use of Mixers following hacking of Orbit Bridge.