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Crypto Regulation

Scammer Loses $4.8M After Storing Stolen Funds on Tampered Ledgers

A scammer reportedly lost $4.8 million of stolen money after storing the funds on tampered Ledger devices. Separately, Bitcoin and Ether ETFs began trading in Thailand, while South Korea blocked 27 crypto exchanges.

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AI take

This item bundles three distinct developments, and the Ledger detail is the most instructive: hardware wallets are only as trustworthy as their supply chain, and a thief becoming a victim of tampered devices underscores that custody risk cuts both ways. Meanwhile, Thailand's ETF listings and South Korea's exchange blocks point to Asia's regulators diverging sharply — one liberalizing access, the other tightening it. Whether that split widens or converges is the open question for market structure watchers.

Generated by AI for reference only.

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