Following Binance Hack… Financial Services Commission Reviews Measures to Rapidly Restrict Withdrawals From Virtual Asset Exchanges (Roundup)
8 Articles
8 Articles
(Seoul = Yonhap News) Reporters Kang Su-ryeon and Yoo Dong-hyun = The Financial Services Commission urgently convened domestic virtual asset exchanges in connection with the 'Binance hacking incident' and [demanded] additional reserve accumulation, etc...
The Financial Services Commission (FSC) urgently convened virtual asset exchanges in response to the Binance hacking incident and requested measures such as the additional accumulation of reserves. On the 2nd, the FSC held an emergency meeting chaired by Yoo Young-jun, Director General for Digital Finance Policy, with the Financial Supervisory Service, the Financial Security Institute, the Digital Asset Exchange Association (DAXA), and major vir…
Following the hacking incident in which $6.3 billion (approximately 8.4 trillion won) in virtual assets was stolen from Binance, the world's largest cryptocurrency exchange, financial authorities have launched an emergency inspection of domestic cryptocurrency exchanges. On the 5th, they will discuss response measures to the hacking incident across the entire financial sector. On the morning of the 2nd, the Financial Services Commission, the Fin…
Following a hacking incident worth approximately 8.4 trillion KRW at Binance, the world's largest virtual asset exchange, financial authorities have launched an emergency inspection of the security and incident response systems of domestic virtual asset service providers. On the 2nd, the Financial Services Commission held an emergency inspection meeting chaired by Yoo Young-jun, Director General for Digital Finance Policy, along with the Financ…
As Binance, the world's largest cryptocurrency exchange, resumed withdrawals following a massive hacking incident, approximately 5 trillion won in funds flowed out in just 9 hours and 30 minutes. Although Binance stated that it has recovered most of the losses and that withdrawals are stabilizing, the reality of this large-scale capital outflow has put trust in the exchange to the test. Financial authorities have also urgently convened domestic …
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