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Foblgate rolls out internal control training to prevent financial incidents

Foblgate said it held practical training on strengthening internal controls for all employees at its headquarters in Seoul on Feb. 25 to prevent financial incidents and protect client assets. It said the training focused on upgrading its client asset protection system and establishing stricter internal guidelines beyond compliance with the Virtual Asset User Protection Act. The company also reinforced cold wallet management, clarified security rules and strengthened escalation procedures.

Crypto

Foblgate releases Q4 2025 asset audit report, says it holds more than 100% of customer deposits

Foblgate said on Monday it holds 100.14% of assets relative to customer deposits, based on its fourth-quarter 2025 asset audit. The review covered all 68 types of digital assets it held as of 0000 on Jan. 1, 2026, the report said. The company said it can respond immediately to withdrawal requests. It added that more than 80% of assets are kept in cold wallets and that it complies with domestic digital-asset laws and financial regulators’ guidelines.