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$710M Cybercrime Tsunami Rocks Japan’s Markets—Regulators Scramble as Traders Panic
$710M Cybercrime Tsunami Rocks Japan’s Markets—Regulators Scramble as Traders Panic
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Tokyo’s financial district reels after a wave of sophisticated cyberfraud drains millions from institutional and retail investors alike. The FSA’s ’ironclad’ safeguards? Toppled like a house of cards.
Behind the breach: Phishing campaigns so polished they’d make a Swiss private banker blush—complete with fake regulatory seals and AI-generated executive video deepfakes. The kicker? Half the stolen funds got funneled through crypto mixers before vanishing into DeFi’s shadow economy.
Market fallout: Banking stocks tank as short sellers smell blood, while Bitcoin briefly spikes—because nothing fuels crypto adoption like old-school finance incompetence. The real question isn’t how this happened, but when the next ’black swan’ exploit will hit.
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