South Korea Calls Emergency Crypto Meeting as North Korean Hacking Threats Escalate

South Korea has intensified its oversight of the cryptocurrency industry after a massive security breach at Binance raised fresh concerns about North Korean cyber operations. The Financial Services Commission (FSC) convened an emergency meeting on November 2 to examine domestic exchanges’ defenses, with particular attention to protecting customer assets and preventing unauthorized withdrawals . The emergency meeting brought together representatives from major cryptocurrency platforms, including Upbit, Bithumb and Coinone, alongside financial regulators and industry organizations. Officials reviewed the Binance incident and examined whether South Korean exchanges could withstand similar attacks .