🚨 South Korean authorities are preparing to investigate the OKX crypto exchange on charges of operating without proper registration in the country.

- The South Korean Digital Assets Association (DAXA) reported OKX's activities to local authorities.

- The Financial Intelligence Unit (FIU) plans to investigate the allegations.

- Financial authorities previously identified 16 foreign crypto exchanges, including MEXC and KuCoin, for potential violations.

OKX has not yet commented on the allegations.