Regulation· ★★★· bearish·

South Korea's FSC holds second emergency meeting this week over AI-linked hacks and KOSPI rout

  • —KOSPI closed at 5,554.22, down 7.57%, triggering a 20-minute trading halt
  • —AI-linked hacks breached 16 financial firms, including crypto exchange Gopax
  • —130 of 555 surveyed firms (23.4%) flagged cybersecurity gaps
  • —FSC will double vulnerability checks and launch an AI-based joint monitoring system
Why it matters: Tighter cybersecurity rules in Korea set a benchmark for crypto exchanges and could raise compliance costs across the industry.
Source: Cryptopolitan
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