South Korea arrests seven in AI hacking case as FCA opens crypto licence applications
- —Seoul police: about 60 firms hit over 44 days, roughly 8.2 million records stolen
- —FCA accepts crypto licence applications until 28 February 2027; regime takes effect 25 October 2027
- —ESMA gives EU venues three months to wind down services with non-compliant stablecoins
- —US spot bitcoin ETFs drew $110.3 million; ether ETFs lost $88.6 million
Why it matters: The first major AI-enabled hacking case in Korea and simultaneous tightening by the FCA and ESMA add to regulatory pressure on the crypto industry.
Source: TokenPost