The Asian cryptocurrency sector is witnessing continuous evolution, marked by significant developments, including substantial investments and alarming security incidents.

Hong Kong’s OSL Group Raises $300 Million

Hong Kong-based OSL Group has made headlines by securing $300 million in an equity financing round, contributing to what is known as the largest public crypto capital raising in the area.

As reported by Reuters on July 25, 2025, the organization aims to allocate the funds for its expansion plans, focusing on stablecoin infrastructure development, market licensing, and launching a compliant digital network.

Ivan Wong, the CFO, noted: “The funding will accelerate our global build-out, particularly in regulated stablecoin infrastructure and compliant payment rails.”

CoinDCX Experiences Significant Security Breach

In a serious security breach, Indian cryptocurrency exchange CoinDCX was hacked early on July 19, 2025, targeting an internal operations account, resulting in a loss of about $44 million.

Despite the incident, CoinDCX reassured clients about the safety of their funds, explaining that the compromised account was solely for liquidity purposes with partners, thus not holding customer assets. Sumit Gupta stated that the company’s strong reserve will cover the losses.

Additionally, CoinDCX is in collaboration with cybersecurity firms to rectify vulnerabilities and trace the missing funds, while also planning to initiate a bug bounty program for ethical hackers.

South Korea’s Regulatory Guidance

The South Korean Financial Supervisory Service (FSS) has advised domestic asset managers to limit exposure to foreign crypto stocks such as Coinbase and Strategy. An FSS spokesperson highlighted that existing guidelines related to virtual currencies remain effective and must be adhered to.

Metaplanet Establishes US Subsidiary

Metaplanet is advancing its operations in the US by incorporating a new subsidiary, Metaplanet Holdings Inc., in Florida, aimed at enhancing Bitcoin treasury management. This subsidiary aims to streamline operations and provide heightened risk oversight.

Key Takeaways

• OSL Group’s significant fundraising bolsters its expansion and stablecoin projects.
• CoinDCX’s attack reveals vulnerabilities within India’s growing crypto sector, yet customer assets remain secure.
• Metaplanet’s new subsidiary aims to strengthen US operations and risk management.