Taiwan
ABMedia
Kuo Mao-jen: What the Binance Security Incident Reveals About the Next Lesson in Virtual Asset Regulation — Operational Personnel Risk
- The FBI attributed the attack to North Korea; according to Binance's preliminary findings, no private key was compromised — attackers used social engineering (fake job interviews/coding tests) to plant malware on an engineer's work computer, then abused deployment credentials to command the wallet signing system directly.
- Taiwan's FSC pre-announced eight draft regulations under the Virtual Asset Service Act on November 3, 2026 (40-day comment period), extending personnel qualification rules to internal audit, compliance, risk management, accounting, and IT roles, with mandatory training, exams, and biennial refresher training.
- Kuo proposes six operational safeguards for virtual asset service providers (VASPs) — limiting exposure of high-privilege staff, separating company and personal devices, enforcing software whitelisting, isolating production deployment credentials, requiring independent transaction checks by the signing system, and running regular incident-response drills (including on-chain monitoring and revoking persistent authorizations like EIP-7702) — all of which regulators should verify with evidence and testing, not just documentation.