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Singapore's MAS says public should not deal with unregulated firms after Binance incident

NewsFeeds update

Singapore's MAS, responding to the reported theft of about $6.3bn of assets from Binance, said the public should be cautious with crypto and avoid unregulated firms. It said Binance has never been licensed in Singapore and was put on its investor alert list in September 2021.

RegulationChainCatcherAIBearish

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The story so far: South Korea FSC response to Binance hack

After a $6.3bn theft at Binance on 29 October, which the FBI attributed to North Korean hackers, CZ backed a crypto security alliance to share audits and coordinate asset freezes. The US State Department now urges joint government action and full UN sanctions enforcement on Pyongyang. Blockaid researchers said…

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  1. Singapore's MAS says public should not deal with unregulated firms after Binance incident

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.