🚨 BREAKING CRYPTO NEWS South Korea Loses ~$48M in Seized $BTC to Phishing Attack 🧠💥 Authorities in the Gwangju District Prosecutors’ Office confirmed that ~70 billion won (~$48 million) worth of seized Bitcoin disappeared after an official system was compromised by a phishing scam. This incident has sparked serious concerns over how digital assets are secured — even by government agencies. 🔒⚠️
📊 Key Facts • 💰 $48M worth of Bitcoin stolen from seized assets • 🎣 Phishing attack suspected as the entry point • 🕵️♂️ Investigation ongoing — no confirmed suspect yet • 🧠 Custody security in focus — raises questions about crypto handling practices
📌 UBS to Offer Crypto Investing for Private Banking Clients Swiss banking giant UBS is planning to let select private banking clients invest in cryptocurrencies like $BTC and $ETH , starting in Switzerland with potential expansion to the U.S. and Asia-Pacific. This move reflects growing traditional finance interest in digital assets and rising demand from wealthy investors for regulated crypto exposure.
Market Impact: 🔹 Institutional validation: A major global bank entering crypto boosts confidence in the asset class. 🔹 Potential capital inflows: Wealthy clients gaining access could bring more liquidity into BTC and ETH markets. 🔹 Competitive pressure: Other big banks may accelerate their crypto offerings to keep up.