The Japan Financial Services Agency announced that it will hold a 'Financial Institution Internal Audit Promotion Committee' on January 25, 2025, aimed at improving the overall internal audit level of financial institutions, including the internal audit level of financial institutions related to crypto assets (virtual assets). It is said that the theft of 4,502.9 BTC from DMM Bitcoin previously triggered a fundamental review of the security system in the crypto asset industry. In response to this situation, the Financial Services Agency strongly recommends that crypto asset-related businesses introduce multi-factor authentication and strengthen monitoring of suspicious access, and also requires companies to conduct self-inspections to confirm whether their wallet management systems and leak risk response measures are appropriate. Additionally, in order to gain the trust of domestic and international stakeholders, the government has formulated a policy that takes into account international trends. Numerous financial institutions, including those in the crypto asset industry, are expected to participate in this roundtable meeting. In addition to relevant organizations such as the Japan Virtual Currency Exchange Association (JVCEA), the Japan Bankers Association, the National Association of Regional Banks, consulting firms, and external experts will also participate in discussions to consider specific measures to increase the complexity of internal audits. According to previous reports, regarding the theft of Bitcoin worth 48.2 billion yen from the crypto asset (virtual currency) exchange DMM Bitcoin, the Japan National Police Agency reported on December 24 that the incident was carried out by a cyber attack organization based in North Korea called TraderTraitor. South Korea has announced that the criminal facts have been confirmed. TraderTraitor is believed to be affiliated with the North Korean hacker organization Lazarus Group, and the attack was carried out in multiple phases.