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The deal pairs South Korea's second-largest crypto exchange with a subsidiary of Vietnam's biggest securities firm, tapping a market Chainalysis ranks fourth globally in adoption.
First public appearance by the former Binance CEO in the Philippines comes as the exchange deepens its Southeast Asia push post-settlement.
The arrest is small in headline terms, but Hu Xiaowei was a senior figure in a network the US Treasury says ran pig-butchering scams at industrial scale across Asia, with links to crypto laundering.
The booking — over a job-placement favour to a lawmaker's son — is reputational damage the exchange doesn't need while Korean regulators are already tightening the screws on the sector.
The $189.7M loss from channeling user funds into Anchor's 19.5% yield was the original wound; the criminal charges now turn misleading statements about that exposure into a 20-years-per-count prison…
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