South Korea’s president is pushing for a top-level cybersecurity chief after the massive Binance breach that highlighted growing risks to finance and infrastructure. At a Cabinet meeting in Seoul on Tuesday, President Lee Jae Myung argued the country needs a “powerful cybersecurity czar” — a government-wide authority empowered to coordinate defenses across public agencies and private firms. “The existing security system, which centers on inspections and after-the-fact responses, is showing clear limitations,” Lee said, according to The Korea Times. The call comes days after the Oct. 29 heist affecting Binance, a hack the FBI has linked to North Korea’s TraderTraitor group; Pyongyang has denied involvement. Lee did not explicitly name North Korea when discussing that incident. Lee also warned that rapid advances in artificial intelligence are enabling cybercriminals to operate with greater sophistication, making detection and response more difficult. He pushed for a shift away from relying mainly on post-breach inspections toward earlier detection and faster, proactive information sharing. Seoul is already taking immediate steps: the National Intelligence Service has ordered security checks at more than 2,100 government bodies and public institutions, and the science ministry is inspecting roughly 170 major private-sector infrastructure sites, including financial and telecommunications companies, The Korea Times reported. The government has not yet provided a timetable for creating the proposed cybersecurity body. Implications for crypto: the incident underscores how large-scale attacks on centralized platforms can reverberate through the broader digital-asset ecosystem, and it may accelerate calls for stronger coordination, regulatory oversight, and incident-response mechanisms in South Korea’s financial and tech sectors. Read more AI-generated news on: https://app.chaingpt.org/news