Tampered Ledger reported in Singapore a month before news broke: Asia Express
Singapore police say tampered Ledgers started showing up there on September 10. South Korean lawmakers look set to delay the crypto tax law for a fourth time.
Singapore police say tampered Ledgers started showing up there on September 10. South Korean lawmakers look set to delay the crypto tax law for a fourth time.
Singapore police say at least two cases involving tampered Ledger hardware wallets have been reported since Sept. 10, with combined losses of about 3.5 million Singapore dollars ($2.7 million). It places the first local report almost a month before the wider incident became public.
It’s not clear from the October 28 consumer alert if the September 10 case was reported to police at the time, or was made retrospectively. If the report was timely, it raises questions as to whether Ledger was informed, or if the Singapore Police Force was in a position to issue a public warning earlier. However, the October 28 advisory suggested the police investigation was still in the preliminary stages.
The South Korean government and the Bank of Korea intend to draft amendments to the Foreign Exchange Transactions Act within this year to regulate stablecoins used as payment instruments. The central bank will also require crypto transfer service providers to send monthly reports from December 2 — but extending back to mid 2024 — about who exactly has been sending money out of the country.