Alliance
Alliance, formerly known as the DeFi Alliance, is the leading Web3 accelerator and founder community. It helps the top 1% of Web3 founders to start and grow their companies through a 9-week program led by experienced Web3 experts. The Alliance DAO community comprises of fellow founders, lawyers, auditors, liquidity providers, market makers, and more.
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South Korea’s virtual asset industry objects to the revised draft of the Special Financial Information Act, warning that mandatory reporting requirements will cause operational chaos
According to Yonhap News Agency, the Korea Digital Asset Exchange Alliance (DAXA) submitted its official comments on the draft Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information (“Special Financial Information Act”) to the National Participation Legislative Center of the Ministry of Government Legislation on April 29. The comments reflect the collective views of 27 Virtual Asset Service Providers (VASPs), including the five major exchanges Upbit and Bithumb. DAXA raised objections to two core provisions in the draft revision: First, the proposal to categorize all virtual asset transactions exceeding KRW 10 million as suspicious transactions—mandating compulsory reporting to the Financial Intelligence Unit (FIU). This change is projected to increase the annual number of suspicious transaction reports filed by the five major exchanges from 63,000 to 5.445 million, an 85-fold surge. Second, the draft introduces a new obligation to verify the accuracy of customer information, going beyond existing customer identification requirements—and exceeding the scope of authority granted under the higher-level law. Moreover, penalties for noncompliance are significantly harsher than those applied to other financial sectors. While DAXA supports the legislative intent behind the revision—to strengthen the anti-money laundering (AML) framework—it contends that certain provisions overstep the statutory delegation of authority and impose discriminatory treatment on the virtual asset industry. The draft revision’s public consultation period ends on May 11, with formal adoption expected in July. The relevant provisions will be implemented in phases between August 2026 and 2027.
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Bithumb
Center
Digital Asset
KingDefi
Korea Digital Asset
Bitget Launches First Courses of Blockchain4Youth Learning Center, Collaborates with Bondex to Build Web3 Talent Pipeline
Bitget has officially launched the first courses of the "Blockchain4Youth Learning Center," aiming to provide the youth with a systematic blockchain learning path and further bridge the gap between knowledge acquisition and career development. Upon completing the course and passing the assessment, students will receive a certificate of completion issued by Bitget's Chief Marketing Officer, Ignacio Aguirre Franco, serving as official recognition of their Web3 capabilities. Certificate holders will gain increased industry exposure and priority employment opportunities among partner employers within the Blockchain4Youth Talent Alliance.To close the loop from learning to employment, Bitget has partnered with Web3 recruitment platform Bondex to provide students with a transparent job-seeking channel and talent pool connection mechanism. Ignacio Palomera, Co-founder of Bondex, stated that the project aims to address real-world issues learners face, such as a lack of industry connections after completing courses, insufficient valid credentials, and unclear career paths, thereby building a more direct bridge between young talent and hiring companies.To date, Bitget's Blockchain4Youth series of projects has attracted over 15,000 young participants. Bitget CMO Ignacio Aguirre Franco pointed out that the goal of the Learning Center is to transform youth interest in Web3 into tangible entry-level pathways. As the initiative progresses, Blockchain4Youth is also evolving from a single-event project into a long-term infrastructure for Web3 education, career guidance, and talent development.
Bitget
Bondex
Center
entry
Pipeline
Ethereum Foundation-funded project Ketman identifies 100 North Korean IT personnel
According to Cointelegraph, the Ethereum Foundation stated that its funded Ketman project identified 100 North Korean IT personnel operating covertly within Web3 organizations over a six-month period and issued warnings to approximately 53 projects indicating they may have hired such individuals. The project focuses on the issue of “fraudulent developers” in the crypto industry and is part of the ETH Rangers Public Safety Grant Program. Ketman has also developed an open-source detection tool for identifying suspicious GitHub activity and collaborated with the Security Alliance to co-develop an industry-wide identification framework for detecting North Korean IT personnel.
Cointelegraph
Ethereum
Foundation
Foundation
Public
Security Alliance
North Korean hackers use AI technology to conduct social engineering attacks against Zerion hot wallets
Zerion disclosed that some of its corporate hot wallets were recently targeted by an AI-driven social engineering attack linked to North Korean hackers, resulting in losses of approximately $100,000. Zerion stated that user funds, applications, and infrastructure remain unaffected and proactively disabled its web application to mitigate risk. This incident marks the second such attack this month, following the $280 million breach of Drift Protocol, underscoring how North Korean hackers are leveraging AI to refine social engineering tactics—primarily targeting employees and developers at crypto firms. The Security Alliance (SEAL) tracked the hacker group UNC1069, which conducts low-pressure, multi-week social engineering campaigns across platforms including Telegram, LinkedIn, and Slack, using AI tools to edit images and videos to enhance attack efficiency.
Drift Protocol
SEAL
Security Alliance
Telegram
Zerion