Welcome back to Continuum Risk Update. Every Friday we pull the top Asia headlines on digital-asset regulation, cyber risk, industry moves and insurance signals, with concise takeaways and practical actions for insurers and corporate risk teams.
🏛️ Regulatory
South Korea sentenced the CEO of crypto lender Delio to 15 years in prison for embezzling $50M in digital assets from over 1,100 customers. One of the harshest enforcement outcomes the country has handed down for crypto fraud.
https://lnkd.in/gWwAZcvf
🔓 Hacking & Physical Risks
Trezor warned 14,000 customers that their shipping addresses were exposed in a breach at a third-party fulfilment partner, the first time physical customer data has leaked from the hardware wallet maker.
https://lnkd.in/giVXChX8
Japan’s FSA and National Police Agency jointly asked crypto exchanges to impose withdrawal delays and require pre-registration of withdrawal addresses, citing a sharp rise in losses from sophisticated scams.
https://lnkd.in/gj8FFjgR
📈 Industry & Markets
MUFG is preparing to test real-time blockchain settlement for Japanese government bond trades using the Canton network, a significant step toward tokenised sovereign debt infrastructure in Asia.
https://lnkd.in/ghW9Vdre
MSCI’s new proposal would exclude companies like Japan’s Metaplanet from major stock indices on the grounds that holding crypto as a primary asset with no core operating business does not meet index criteria.
https://lnkd.in/gfqxMe3K
🔎 Insurance Spotlight
Tether completed its first-ever Big Four audit, with KPMG signing off on the reserves backing $180B in USDT. For institutions and platforms with significant stablecoin exposure, a verified reserve audit changes the risk picture.
https://lnkd.in/gnRWKBRJ
MSIG Thailand has appointed its first dedicated cyber insurance manager, signalling growing demand for specialist cyber cover across Southeast Asia’s mid-market.
https://lnkd.in/g6qRpC7S
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