Recent developments have created complex drawings of Asian cryptography. On the one hand, established companies are doubling their regulated digital assets. Meanwhile, law enforcement is tackling a surge in wrench attacks and criminal misuse of cryptocurrency.
Metaplanet, the Japanese Ministry of Bitcoin Treasury, has gained control of South Korean publicly listed software company SGA. If confirmed, SGA can acquire Bitcoin as part of a broader digital strategy.
According to an article published on July 15, 2025, the company’s CEO Simon Gerovich has joined a consortium with Hong Kong-based Moon, Bangkok’s Cliff Capital, Taipei’s crypto-centric venture capital firm, Solaventure company, Solaventure and Bitcoin-focused investment and advice company.
Metaplane will be purchased from SGA: Strategic Play
Japanese company Metaplanet has invested $25 million in SGA, a Korean system software developer, through rights provision. Encrypted entities expand their impact on traditional technologies.
-bluastercapital (@bluastercapital) July 14, 2025
Although Gerovich is listed as an independent investor, the move is consistent with Metaplanet’s Bitcoin accumulation strategy by converting traditional companies into bitcoin-related entities and using them as a means of Bitcoin exposure in regional capital markets.
Both the SGA Committee and the South Korean Financial Services Committee have approved the issuance of 58 million shares to the consortium, but the final agreement is still pending.
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Asian Cryptocurrence is facing security crisis as wrench attacks and bitcoin theft rise
A recent report released by ChainAlysis on July 17, 2025 showed that wrench attacks targeting crypto holders in the APAC region spiked in 2025. Compared to 2021, the worst year before in such cases, the attack has almost doubled, with 35 cases reported so far.
Moreover, these are not siloed events. The APAC region witnessed a wave of wrench attacks and crypto theft, with over $2.17 billion stolen from the Crypto platform in the first half of 2025, beyond 2024.
Surge in physical attacks on Bitcoin holders
The risks of 2025 have been the worst year on record for “dollar wrench attacks” (physical attacks aimed at stealing Bitcoin and cryptocurrency), and the incident has hit a new high.
According to chain analysis, 35 attacks on Bitcoin… pic.twitter.com/xcoxoejm0j
– atlas21 (@atlas21_news) July 17, 2025
Retail wallet theft accounted for almost 25% of funds stolen in 2025, and attacked Japan, Indonesia, South Korea and the Philippines the most violently. Criminals specifically target Bitcoin holders when chasing large wallet yields.
The surge in crypto influx has created criminal groups that exploit the anonymous nature and liquidity of asset classes by carrying out lures, house invasions, emergency situations and ransom attacks.
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India’s FIU is investigating Binance over cross-border terrorist financing
The Indian Financial Information Unit (FIU) is actively adjusting to identify Indian private wallets, particularly in sensitive areas such as Jammu and Kashmir, where cryptocurrency may be received from Pakistan.
As reported by local publications on July 15, 2025, FIU believes that individuals are using these private wallets as a source of funding to implement illegal activities and terrorist financing in India.
These wallets are not tied to centralized exchanges, and authorities find them difficult to monitor and track.
According to the publication, investigators are investigating the vinanence on this issue as it is the most used exchange in the region for cross-border crypto transactions.
🚨breaking🚨
India’s crypto reality check has become darker.
The FIU is currently investigating the cross-border cryptocurrency flow linked to Pakistan and terrorist financing, with Binance and Wazirux under the scanner.
Wazirx wallets are said to be linked to ISIS.
The attacks already occurring in Jammu and Kashmir. … pic.twitter.com/rcgned7y8z
– Rananjay Singh (@todaycryptorj) July 13, 2025
“Binance is working with FIU and we suspect that some of these are linked to terrorist financing as crypto transactions between Pakistan’s J&K (Jammu and Kashmir) and the border regions have increased in recent months.”
This follows an exchange that resumed operations in India after a $2.25 million penalty was settled to restore FIU compliance after the December 2023 suspension.
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VCI Global strengthens Asian crypto with regulated bitcoin investment vehicles
On July 15, 2025, Malaysia-based diversifying holdings company VCI Global acquired another Malaysian company, V Capital Fund Management, to offer Bitcoin investment options to Asian institutions and luxury investors.
The VCIG Bitcoin Fund, launched through Labuan (Federal Territories of Malaysia), offers an internationally recognized offshore financial centre and provides a flexible regulatory environment that knows the benefits of strong money laundering (AML) and customer (KYC) compliance and tax.
$vcig VCIG announces decisive agreement that will allow VCIG Bitcoin Fund to launch, targeting the $2.6 trillion cryptocurrency market with low float stocks of $2.7 million pic.twitter.com/wipe34nihn
– Parker Wilkes (@0UJL7) July 16, 2025
The move reflects the industry’s trends for widespread adoption of digital assets by established financial companies, filling traditional funds into digital assets.
With Asia’s regulated crypto investment options still limited, VCIG Bitcoin Fund is looking to improve the crypto infrastructure in the region. The fund aims to increase liquidity, enhance custody solutions and attract participation from a wide array of asset managers in family-owned offices and institutions.
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Key takeout
Metaplanet has joined Moon, Cliff Capita, Solaventure and UTXO Management and consortiums to promote Bitcoin accumulation strategies in Asia.
In the APAC region, wrench attacks have doubled compared to 2021 figures, with 35 cases reported so far
India’s FIU is investigating two-ways regarding moving suspicious cross-border cryptography into private wallets
VCI Global launched the VCIG Bitcoin Fund to provide investment options to Asian institutions and high-end investors
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