17.8B won in damages from 'fraudulent exchanges' in South Korea

According to data received by People Power Party lawmaker Kang Min-guk from the Financial Services Commission in South Korea on Oct. 21, the amount of customer deposits held by 11 crypto exchanges that have suspended operations from last year to recently is 17.817 billion won (USD $12.9M), local daily newspaper JoongAng Ilbo reported. The authorities still do not have an entirely accurate grasp of the amount of unreturned deposits from cryptocurrency exchanges that have temporarily suspended operations and blocked deposits and withdrawals.