Shinhan Bank’s spokesperson had the following to say regarding the plan to wipe out financial fraud: “We have set up a comprehensive plan for the elimination of telecommunication and financial fraud… We will continue to implement preventive measures so that customers will not be harmed in the future.” South Korea Bithumb is introducing measures aimed at clamping down on fraudulent behaviour involving accounts linked to cryptocurrencies. In a statement, South Korean said dedicated employees will scrutinise suspicious transactions, ahead of plans to deploy an AI-based monitoring system to quickly and accurately identify illegal trades. The crackdown follows several attacks on the country's crypto exchanges, with Shinhan Bank alone suffering losses of $17 million .
South Korea Bithumb is introducing measures aimed at clamping down on fraudulent behaviour involving accounts linked to cryptocurrencies. In a statement, South Korean said dedicated employees will scrutinise suspicious transactions, ahead of plans to deploy an AI-based monitoring system to quickly and accurately identify illegal trades. The crackdown follows several attacks on the country's crypto exchanges, with Shinhan Bank alone suffering losses of $17 million .