In a significant development for the South Korean cryptocurrency sector, the Financial Services Commission (FSC) has flagged Streami, the operator of the Gopax exchange, as one of the firms impacted by recent hacking incidents. According to the results published in the material, this revelation comes amid growing concerns over data security in the crypto industry.
Data Breach Reported by FSC
On October 14, 2023, the FSC reported that around 100,000 cases of leaked data were identified among 16 financial firms affected by the breaches. However, the Commission clarified that this number does not specifically reflect the number of Gopax customers whose data may have been compromised.
Concerns Over Gopax's Communication Strategy
The incident has raised questions regarding Gopax's communication strategy, as reports indicate that the exchange had not issued an apology or provided a detailed public disclosure regarding the hacking incidents as of October 15. This lack of transparency has drawn criticism from both users and regulators alike.
FSC's Response and Future Measures
In response to the situation, the FSC has announced plans to investigate the methods employed in the attacks and is set to implement broader security measures to protect consumers and restore confidence in the financial system.
In light of recent data security concerns highlighted by the Financial Services Commission regarding Gopax, it's important to note that Bithumb was previously fined for serious breaches of user data protection laws. For more details, see Bithumb fine.
