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 confirmed it will tax crypto gains above $1,740 at a combined 22% rate from January 2027, the fourth time the law has been scheduled and the first time officials signalled no further delay.
https://lnkd.in/ghBSeswK
⚠️ Hacking & Physical Risks
A randomness bug in Coldcard hardware wallets made supposedly unguessable seed phrases predictable. Attackers swept 594 BTC in under 25 minutes, draining $38M from older wallet models.
https://lnkd.in/geuDsYg4
Seoul police arrested two suspects after a fake staking platform drained $8.5M in XRP from dozens of investors with promises of easy yield. Total losses may climb to $20M.
https://lnkd.in/gdjTZN9g
📊 Industry & Markets
Twenty-eight global banks including JPMorgan, Citi and UBS settled live cross-border payments using tokenized money in a $1M BIS pilot, the largest real-money blockchain settlement test by mainstream financial institutions to date.
https://lnkd.in/erFvsydG
Institutional traders now account for 72% of all crypto volume, a record share, according to market maker Wintermute, compressing volatility and shifting flows toward tokenized assets.
https://lnkd.in/ggemhenz
🛡️ Insurance Spotlight
Samsung Fire & Marine inked a digital asset custody insurance deal with South Korean blockchain firm DSRV covering $20M in cold and hot wallet holdings, the first major Korean insurer to formally enter the crypto custody market.
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