This Week In Asian Crypto Landscape: Metaplanet Launches New US Subsidiary, CoinDCX Gets Hacked
The Asian crypto landscape is continually evolving. This week, the region witnessed significant developments across several fronts, including massive capital infusions, global expansions, as well as rising concerns over crypto exposure and a massive security breach.
These developments showcase a rising institutional confidence along with persistent vulnerabilities.
Hong Kong’s OSL Group Locks In $300M Equity Amid Bullish Asian Crypto Landscape
Hong Kong’s OSL Group has generated significant buzz in the Asian crypto landscape, raising $300 million through an equity financing round, making it the largest publicly disclosed crypto capital raise that the region has seen so far.
In an article published by Reuters on 25 July 2025, the firm stated that it plans to use the raised capital for its global expansion efforts, including the development of a stablecoin infrastructure, securing licenses in additional markets and launching a compliant digital network.
Ivan Wong, the CFO of OSL Group, said, “The funding will accelerate our global build-out, particularly in regulated stablecoin infrastructure and compliant payment rails.”
Asia's OSL Group raises $300M
The region’s biggest crypto equity round to expand globally, build stablecoin/payment infra & boost growth.
Hong Kong stablecoin race heats up with 50+ license seekers.
#CryptoAsia #Stablecoins #Web3 #HKMA #CryptoNews https://t.co/bMaKr3h1H0 pic.twitter.com/Pbb4bFMD0j
— Adaminssane.ink AA ⌘
(@Adaminssane) July 25, 2025
The company has been rapidly expanding and now holds a license in Australia with acquisitions in Japan and Europe. It is also heavily invested in real-world asset (RWA) tokenisation.
The OSL Group’s capital raise follows concerns shared by the Hong Kong Monetary Authority (HKMA), cautioning against “excessive exuberance” around stablecoins.
Explore: Top Solana Meme Coins to Buy in July 2025
Indian Crypto Platform CoinDCX Hacked In Huge Security Breach
Hackers breached CoinDCX, the popular Indian crypto exchange, early on 19 July 2025 and targeted one of its internal operations accounts, leading to a loss of approximately $44 million.
The company has, however, assured its clients that their funds are completely safe, stating that it strictly used the breached account for liquidity activities on partner exchange, without holding customer assets in it. CoinDCX Co-founder, Sumit Gupta, clarified that the company’s robust treasury reserves will cover the losses.
$44M Gone — The CoinDCX Hack That Bypassed Smart Contracts
The $44 million CoinDCX breach has spotlighted deep vulnerabilities in India’s rapidly expanding crypto ecosystem. More than just a security lapse at one exchange, the incident reveals systemic weaknesses in… pic.twitter.com/ipLf5hobG1
— CrowdFundJunction (Crypto VC) (@cfjcrypto) July 25, 2025
The exchange is currently coordinating with global cybersecurity firms to investigate the breach, plug vulnerabilities and trace the stolen funds. Furthermore, the company plans to launch a bug bounty program, encouraging ethical hackers to report any weaknesses in the system.
Cybersecurity firm Cyvers, in its report, noted that the theft occurred in under 5 minutes and involved seven high-speed transactions, showcasing the hacker’s cross-chain prowess in exploiting operational wallets on the Solana blockchain. It stated that the theft resembled the WazirX hack from last year and has attributed this hack to the infamous North Korean Lazarus Group.
In an article published by a local media outlet, Gupta said, “This is more than just an internal matter. It’s a reminder of the evolving threats facing crypto platforms globally.”
Explore: The 12+ Hottest Crypto Presales to Buy Right Now
South Korea Urges Domestic Asset Managers To Reduce ETF Exposure To Coinbase, Strategy
South Korea’s Financial Supervisory Service (FSS) urged asset managers in the country to reduce their exposure to foreign crypto stocks like Coinbase and Strategy. It reminded them that the 2017 guideline on virtual currencies is still active and must be strictly followed.
An FSS official was quoted by a local publication on 23 July 2025, stating, “Recently, there has been a trend of deregulation related to virtual assets in the U.S. and Korea, but there have been no specific laws or guidelines established yet.”
South Korea’s Financial Supervisory Service has issued verbal guidance to asset managers:
Limit exposure to crypto-related stocks like @coinbase & Strategy in ETFs.
Emergency crypto measures from 2017 remain in effect.#SouthKorea #CryptoRegulation #ETFs #Coinbase pic.twitter.com/UTzRBjvHsh
— The Coin Republic (@TCR_news_) July 23, 2025
The report suggests that the FSS issued the guidance since many South Korean domestic listed ETFs held more than 10% of their portfolio in virtual asset-related stocks.
For instance, the KoACT US Nasdaq Growth Company Active ETF includes 7.44% in Coinbase and 6.04% in Strategy, bringing its total investment in virtual asset-related stocks to 13.48%.
Explore: Best New Cryptocurrencies to Invest in 2025
Asian Crypto Giant Metaplanet Establishes New Holding Subsidiary In US
Metaplanet has decided to streamline its US-based operations and support its position in Bitcoin treasury management by establishing a new wholly owned company, Metaplanet Holdings Inc., in Florida.
As stated in its press release dated 25 July 2025, Metaplanet Holdings Inc. will receive all shares of Metaplanet Treasury Corp., strengthening risk oversight and strategic flexibility.
Analysis of Disclosure about New U.S. Subsidiary
Metaplanet has announced today that they are forming a new wholly-owned subsidiary to sit between Metaplanet, Inc. (Japanese parent company) and Metaplanet Treasury Corp. (existing U.S. subsidiary). Here's what it means!
pic.twitter.com/nCG3CwXqot
— Compliant Degen (@CompliantDegen) July 25, 2025
Furthermore, the company also aims to establish an additional subsidiary dedicated to derivatives-related activities. Through this, Metaplanet aims to achieve its broader objective of income generation and risk mitigation.
Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025
Key Takeaways
- Hong Kong’s OSL Group raised $300 million to further expansion projects, stablecoin development, licensing and launching a compliant digital network
- CoinDCX’s operational account hacked, users’ funds are safe
- Metaplanet launched a new holdings company to manage US-based operations that sits between the parent company and Metaplanet Treasury Corp
The post This Week In Asian Crypto Landscape: Metaplanet Launches New US Subsidiary, CoinDCX Gets Hacked appeared first on 99Bitcoins.
