Telecommunications & Media

LG Uplus hacking cover-up probe drags on; Park Jung-hyun says it must not become a cold case

South Korean lawmaker Park Jung-hyun (박정현) urged police to conduct a strict investigation into allegations that LG Uplus covered up a hacking incident. Her office said the police probe into the disposal of a server and reinstallation of operating systems has continued for 10 months since the Ministry of Science and ICT requested an investigation. Authorities say those steps made technical and factual verification of a breach and possible data leak more difficult.

Crypto

XRP rebound may be a trap as Elliott wave points to possible further drop

XRP has rebounded from recent lows, but analysts say the current correction may not be over under Elliott wave structure, leaving room for another decline. The 1-hour chart has yet to form the structure needed to confirm a trend bottom, raising the possibility of a retest of support. Key support is seen at $1.10 to $1.38, while resistance is placed at $1.44 to $1.60. U.S. spot XRP ETFs logged $18.96 million of net inflows over the past week.