South Korea president seeks cybersecurity czar after $6.3 billion Binance hack

South Korea's president Lee Jae Myung called for a national 'cybersecurity czar' and a government-wide agency to counter cyberattacks, citing rising AI-driven security risks to financial institutions and critical infrastructure. The remarks follow a $6.3 billion Binance hack, a reminder that exchange security failures remain a major tail risk for crypto holders. Traders should watch for tighter South Korean oversight of exchanges and any knock-on confidence hit to centralized platforms.