Forecast Trend Report by Period
Bonanza Factory, a digital-asset compliance company, said Tuesday that it participated in a seminar at Seoul’s COEX on global financial crime threats and a K-security cooperation model, where it presented the latest trends in cross-border financial crime involving digital assets and response strategies.
The seminar was held as a co-located conference during the 20th ISEC 2026, South Korea’s largest information security event. It was hosted by the Korea Financial Crime Prevention Association and organized by the Financial Crime Analysis Center at the Korea National Police University and the Korean Police Studies Association. More than 180 experts from the finance and security industries, law enforcement and academia attended. The head of the National Investigation Headquarters at the Korean National Police Agency delivered congratulatory remarks.
A key agenda item was the information-sharing framework for telecommunications financial fraud under Article 13-4 of the Telecommunications Fraud Victim Refund Act, which took effect on Aug. 4.
Bonanza Factory Chief Executive Officer Kim Young-seok said financial crime involving digital assets is spreading across borders, underscoring the need for information sharing between the private sector and investigative authorities as well as a system to quickly block funds.
TRM Labs data showed illicit digital-asset inflows rose 51% from a year earlier to $20.7 billion last year. Bonanza Factory’s own analysis found that mentions of USDT-based criminal activity on Telegram surged 824% over six months.
Kim also highlighted what he described as a balloon effect following sanctions on Cambodia’s Huione, with alternative exchanges and new hubs emerging. Using its in-house on-chain analysis platform TranSight, Bonanza Factory detected VectorBlast, a Ponzi scheme platform that claimed to offer AI quant investing, and completed preemptive blocking measures with domestic exchanges. Withdrawals identified on the platform totaled about $19.3 million.
Kim presented three strategies for tackling cross-border financial crime: preemptive detection through cooperation between private-sector intelligence and investigative agencies, immediate blocking by linking banks’ payment suspension information with exchange wallet restrictions, and borderless coordination through direct connections with overseas exchanges.
He also called for building a K-security cooperation model involving investigative agencies, the Korea Financial Crime Prevention Association and private intelligence companies.
“The implementation of Article 13-4 has created an institutional foundation for information sharing,” Kim said. “If the law has opened the way for sharing information, technology must now analyze that information faster than criminals and turn it into blocking measures.”
He added that Bonanza Factory, as the private-sector pillar of the K-security cooperation model, would take the lead in advancing a real-time blocking network linking banks, exchanges and investigative authorities.
