Connect with us

Published

on

Rishi Sunak still has confidence in the home secretary and her department despite the ongoing controversy around the Bibby Stockholm, Downing Street has said.

The prime minister’s official spokesman defended the Home Office’s response to the discovery of Legionella on the barge last week, but said lessons would be learned following the incident.

Asylum seekers were removed from the barge on Friday after Legionella bacteria was found in the vessel’s water system.

Legionella bacteria can cause a potentially deadly lung infection known as Legionnaires’ disease. It is contracted by people breathing in droplets of water containing the bacteria.

None of the migrants on the barge have shown any symptoms of the disease, according to the Home Office.

The discovery has prompted a blame game between Dorset Council, contractors at the barge and the Home Office about who was notified and when.

Dorset Council has said Home Office contractors were notified about the results last Monday – four days before people were moved off the barge.

More from Politics

The council went on to claim a Home Office staff member was informed about the bacteria on Tuesday.

However, a government source previously told Sky News there is no record of this conversation, and claimed the Home Office only received a written notification about the Legionella on Wednesday evening.

Downing Street repeatedly said the government had acted quickly after being informed about the traces of Legionella bacteria.

Asked if ministers would be looking into the role of the contractors, he said: “I think we will be communicating with all relevant groups to see if there are any lessons that can be learned, as you would expect in any public health situation.

“We remain confident that we have acted quickly once informed.”

However, Number 10 said the Home Office was still “clarifying” when officials were made aware of issues on the Bibby Stockholm barge.

“Ministers were made aware on Thursday evening about the results of the test,” the spokesman said.

Asked who made the decision to put migrants on the boat before the test results for Legionella bacteria came back, he said it was a “decision taken by the Home Office in conjunction, having all the relevant tests being done and making sure that the checks are in place”.

The spokesman added: “These are routine precautionary tests for Legionella which is why people were able to embark.”

This morning Health Secretary Steve Barclay said he still believed migrants should be moved back on to the barge in spite of the row, saying it was an important tool in reducing the £6m-a-day cost of housing asylum seekers in hotels.

Number 10 declined to say when people might be returned to the Bibby Stockholm barge, telling reporters: “We’re not putting a timeline on that. We do expect them to be back on the boat as soon as possible.

“The Home Office is awaiting the results of further tests.

“Once those have been completed, obviously the intention is to return people.”

Continue Reading

Politics

South Korea to impose bank-level liability on crypto exchanges after Upbit hack: Report

Published

on

By

South Korea to impose bank-level liability on crypto exchanges after Upbit hack: Report

South Korea is preparing to impose bank-level, no-fault liability rules on crypto exchanges, holding exchanges to the same standards as traditional financial institutions amid the recent breach at Upbit.

The Financial Services Commission (FSC) is reviewing new provisions that would require exchanges to compensate customers for losses stemming from hacks or system failures, even when the platform is not at fault, The Korea Times reported on Sunday, citing officials and local market analysts.

The no-fault compensation model is currently applied only to banks and electronic payment firms under Korea’s Electronic Financial Transactions Act.

The regulatory push follows a Nov. 27 incident involving Upbit, operated by Dunamu, in which more than 104 billion Solana-based tokens, worth approximately 44.5 billion won ($30.1 million), were transferred to external wallets in under an hour.

Related: Do Kwon says five-year US sentence is enough as he faces 40 years in South Korea

Crypto exchanges face bank-level oversight

Regulators are also reacting to a pattern of recurring outages. Data submitted to lawmakers by the Financial Supervisory Service (FSS) shows the country’s five major exchanges, Upbit, Bithumb, Coinone, Korbit and Gopax, reported 20 system failures since 2023, affecting over 900 users and causing more than 5 billion won in combined losses. Upbit alone recorded six failures impacting 600 customers.

The upcoming legislative revision is expected to mandate stricter IT security requirements, higher operational standards and tougher penalties. Lawmakers are weighing a rule that would allow fines of up to 3% of annual revenue for hacking incidents, the same threshold used for banks. Currently, crypto exchanges face a maximum fine of $3.4 million.

The Upbit breach has also drawn political scrutiny over delayed reporting. Although the hack was detected shortly after 5 am, the exchange did not notify the FSS until nearly 11 am. Some lawmakers have alleged the delay was intentional, occurring minutes after Dunamu finalized a merger with Naver Financial.

Related: South Korea targets sub-$680 crypto transfers in sweeping AML crackdown

South Korea pushes for stablecoin bill

As Cointelegraph reported, South Korean lawmakers are also pressuring financial regulators to deliver a draft stablecoin bill by Dec. 10, warning they will push ahead without the government if the deadline is missed.