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South Korea’s FSS targets crypto voice phishing scams in system upgrade
Aug 10, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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South Korea's Financial Supervisory Service (FSS) is rebuilding the software it uses to return money stolen via voice phishing so that from October it can calculate and repay losses held as cryptocurrency rather than only in won. The upgrade is a regulatory security and consumer-protection milestone that should improve victims' ability to recover crypto, strengthen trust in crypto services, and may boost adoption and market confidence.
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South Korea’s Financial Supervisory Service (FSS) has begun rebuilding the software it uses to return money stolen through voice phishing. The change will make it so that from October, the software will be able to calculate and repay losses held as cryptocurrency rather than only in won. What is changing about how victims of voice...
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In This News
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