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Mirae Asset acquired a majority stake in Korbit for approximately $102 million, which has been renamed Digital X

Mirae Asset Consulting has acquired a majority stake in Korea's earliest cryptocurrency exchange, Korbit, increasing its shareholding to 97.15%, with a total transaction amount of approximately 141.4 billion Korean won, equivalent to about 9.5 million to 102 million USD at the exchange rate. The Korea Fair Trade Commission approved the transaction on July 9, 2026, believing that the acquisition is unlikely to limit competition and mentioned Korbit's approximately 0.5% market share in the Korean cryptocurrency trading market in 2025.Mirae Asset stated that Korbit's operating entity, user deposits, and core trading services will remain unchanged for the time being, and customer assets will be isolated and safeguarded according to existing protection rules. Korbit will be renamed Digital X. Park Hyeon-joo, founder and Global Chief Strategy Officer of Mirae Asset, stated that Digital X is at the core of Mirae Asset's strategy 3, planning to connect real-world asset tokenization, security token issuance, stablecoins, traditional securities, and digital assets on the same platform. Mirae Asset indicated that Digital X is not aimed at surpassing Upbit or Bithumb in trading volume but is positioned as an infrastructure platform that combines its securities and asset management background with Korbit's digital asset operations. Digital X will currently operate based on Korbit's existing licenses and user base.

North Korea dismantles an elite hacking group involved in infiltrating central banks and foreign trade banks to steal funds and launder money through cryptocurrency

According to South Korean media Daily NK, North Korean authorities arrested an elite hacker group on July 12, which is suspected of infiltrating the internal networks of the North Korean central bank and foreign trade bank, stealing national trade funds and laundering money through cryptocurrency. Sources say the group's leader is a veteran from the cyber warfare unit under the North Korean Reconnaissance General Bureau, who recruited talented IT graduates from Kim Chaek University of Technology and Pyongyang University of Science and Technology, using encrypted communications and wireless devices to commit crimes.They split the stolen funds into small amounts and transferred them to overseas cryptocurrency wallets, exchanged them for cash through intermediaries, and then converted them into dollars and other currencies in border areas. Pyongyang officials launched an investigation after discovering anomalies in foreign currency payment approvals and records of overseas IP access, ultimately raiding a safe house and arresting suspects who were laundering money, seizing equipment worth hundreds of thousands of dollars. This case has caused a stir among the elite and military circles in Pyongyang, with senior officials in the Reconnaissance General Bureau and the science and education sector worried about being implicated. North Korea has long been accused of stealing billions of dollars in cryptocurrency assets through hacker organizations like the Lazarus Group, but this incident rarely shows that its own financial system has also become a target of internal attacks.
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