Political Pressure After Upbit Breach Raises Big Questions

[chainsniff]

The Nov 27 Upbit breach didn’t just trigger regulatory action — it triggered political scrutiny.

Although the hack was detected shortly after 5:00 AM, the FSS wasn’t notified until nearly 11:00 AM.
Lawmakers allege the delay may have been intentional… occurring minutes after a major Dunamu–Naver Financial merger was finalized.

Regulators are now investigating:

• Reporting delays
• Incident transparency
• Corporate governance protections
• Whether exchanges should follow stricter, bank-style disclosure rules

The breach wasn’t just a security incident — it became a governance crisis.

[Nahid Hossen]

Security breaches always trigger political fallout.