October 15th 2026, 10:42 PM
Scammer Bites the Dust After Losing $4.8M on Tampered Ledger
Key Summary
A scammer reportedly lost $4.8 million in stolen funds after storing the money on tampered Ledger devices, which were used to drain funds from 530 addresses in Asia. The incident highlights the risks of using tampered hardware wallets and the potential for poetic justice in the crypto world. Meanwhile, regulatory actions are taking place globally, with South Korea tightening cybersecurity requirements and Thailand allowing Bitcoin and Ether ETFs to list on its main stock exchange.
Please see our real time news feed on our Home Page
Scammer Loses $4.8M on Tampered Ledger
A scammer reportedly lost $4.8 million in stolen funds after storing the money on tampered Ledger devices, which were used to drain funds from 530 addresses in Asia.Regulatory Actions
South Korea is tightening its cybersecurity requirements for financial institutions after an investigation found several companies, including crypto exchanges, had significant security vulnerabilities. The country has approved measures to block domestic access to 27 unregistered crypto exchanges and other virtual asset service providers.Thai ETFs Launch
Thailand's Securities and Exchange Commission has finalized rules allowing crypto exchange-traded funds (ETFs) to list on the country's main stock exchange. Bitcoin and Ether ETFs are the first to be approved, with restrictions on foreign crypto ETFs.Australia's Regulatory Proposal
Australia's securities regulator is opening consultation on proposed capital, custody, and trading requirements for crypto platforms. The proposals include three alternative capital models and restrictions on platforms.#Crypto#SEC#TamperedLedger#Asia#Cybersecurity