Regulation· ★★★· bearish·

South Korea's FSC names crypto firms Streami and Pravang in breach wave hitting 16 companies

  • —Streami (Gopax) and Pravang are the two crypto firms among 16 affected companies
  • —About 100,000 customer-data items were exposed in the breaches
  • —The FSC did not publish a company-level breakdown of the leaks
  • —130 of 555 financial firms reported weaknesses in their cyber defenses
Why it matters: The FSC is tightening crypto-sector cybersecurity rules, proposing twice-yearly vulnerability tests and direct CEO accountability.
Source: CryptoSlate
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