Connect with us

Published

on

Boris Johnson’s WhatsApp messages have now been retrieved from his old phone and will be handed over to the COVID inquiry unredacted, his spokesman has said.

The probe into the government’s handling of the pandemic demanded to see the former PM’s messages from the height of lockdown as part of its ongoing work.

But after settling a disagreement with the Cabinet Office in the courts over whether the messages were necessary, the inquiry still did not receive the texts ahead of last week’s deadline.

Politics live: Next election ‘not a done deal’ – Sunak

Mr Johnson’s spokesperson had said the former PM was advised to keep his old phone switched off due to security concerns after it was discovered, while he was in office, that the number had been freely available on the internet for around 15 years.

But after the ex-leader got the sign off from security services to turn the device back on, reports circulated that he had forgotten his passcode.

Now, Mr Johnson’s spokesman has said “technical experts” had “successfully recovered all relevant messages from the device”, meaning they could be given to the inquiry.

More on Boris Johnson

However, a “security check of this material” was now required by government, so “the timing of any further progress on delivery to the inquiry is therefore under the Cabinet Office’s control”.

Baroness Hallett
Image:
Chair of the COVID inquiry Baroness Hallett demanded to see all of Boris Johnson’s diaries, notebooks and WhatsApp messages from during the pandemic.

The spokesperson added: “It was always the case that Boris Johnson would pass this material to the inquiry and do everything possible to help it be recovered.

“A careful process approved by the inquiry has been followed to ensure that this was successful.”

The COVID inquiry, led by its chair Baroness Hallett, used a section 21 notice to request all of Mr Johnson’s unreacted WhatsApps, diaries and notebooks back in May.

But the Cabinet Office argued some of the content was “unambiguously irrelevant” and sought a judicial review against it.

Please use Chrome browser for a more accessible video player

Rishi Sunak insists that ‘tens of thousands’ of documents have been handed over to the inquiry and that ‘lessons will be learned’ from its findings.

Mr Johnson insisted throughout that he was happy to handover the material, putting him at odds with the government position.

However, he said the security concerns with his old phone – which he stopped using in May 2021 – meant he would have to seek advice from the security services about messages from before that date.

The High Court ruled in the chair’s favour earlier this month, and the department promised to comply.

Now, it appears Mr Johnson can also handover all the remaining material required by the inquiry.

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.