South Korea
Block Media
Rep. Min Byung-deok Flags Crypto Exchange Hacks, Security Gaps in Financial Sector Audit
- Rep. Min Byung-deok (Democratic Party), a member of the National Policy Committee, raised the issue using data obtained from the Financial Supervisory Service (FSS).
- Seven security incidents occurred at domestic cryptocurrency exchanges over roughly the past two years, involving five won-market exchanges between July 2024 and October 16, 2025.
- Some exchanges were found to lack basic security management, prompting criticism of financial regulators' security oversight at the National Assembly audit.