Fidelix Faces Criminal Referral Over Fictitious Sales Accounting

• Fidelix was referred to investigators by South Korea's Securities and Futures Commission on Oct. 28, 2026, over accounting violations.
• Fictitious sales and other entries totaled 3.05 million in 2018, rising to 3.16 million in 2019.
• False entries reached 2.97 million in 2020, totaling 2.94 million annually in 2021–2022.
• Sanctions include a three-year designated auditor requirement; financial penalties await a final decision by the Financial Services Commission.
• Regulators found collusion with customers to inflate operating performance for fundraising, alongside audit obstruction through requests for false receivables confirmations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fidelix Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261028900777), on October 28, 2026, and is solely responsible for the information contained therein.