DAXA uncovers 12 illegal crypto operators charging up to 62x in fees

South Korea's Digital Asset eXchange Alliance (DAXA) and registered domestic Virtual Asset Service Providers (VASPs) have uncovered 12 illegal virtual asset businesses in their first joint investigation and reported them to the police, Dailian reported. The illegal over-the-counter exchanges were found to have charged fees up to 62 times higher than those at regulated domestic exchanges.