ChainCatcher news, according to Coinpedia, South Korean lawmakers have disclosed that due to the new regulations of the "Virtual Asset User Protection Act," 14 cryptocurrency exchanges have closed or suspended operations, resulting in over 33,000 investors being unable to retrieve approximately $13 million in assets.According to Kang Min-guk, the situation may further deteriorate, with about 30.7 billion won ($22 million) potentially trapped on the suspended platforms. Among them, Cashierest exchange holds the most assets, amounting to 13 billion won (approximately $9.4 million).As regulatory pressure increases, the industry expects that more exchanges may be forced to close, raising concerns about the safety of investors' funds.

ChainCatcher message, Radiant Capital has issued a reminder on X regarding the security incident, stating that all users need to take immediate action to protect their wallets.If you have ever interacted with Radiant (or believe you may have), you must immediately revoke authorization for the affected contracts, or you risk having your funds stolen. Please use revoke.cash to protect your assets by removing any permissions to prevent further losses. Radiant will continue to fully track and freeze the stolen funds and work closely with security experts and law enforcement.It is reported that Radiant Capital was previously hacked, resulting in a loss of $53 million.