PANews reported on June 27 that the Financial Action Task Force ( FATF ), a global anti-money laundering agency, recently released the sixth update report on anti-money laundering and anti-terrorist financing measures for virtual assets ( VA ) and virtual asset service providers ( VASP ). The report pointed out that although the world has made progress in relevant legislation and supervision, the licensing and registration of VASPs and the identification and supervision of offshore VASP risks still face challenges. The report also revealed that North Korean hackers stole $ 1.46 billion from ByBit this year, and only recovered 3.8% , highlighting the urgency of asset recovery and international cooperation. In addition, the amount of illegal transactions on the chain related to fraud in 2024 will reach $ 51 billion. FATF called on the world to strengthen regulatory cooperation to prevent virtual assets from being abused by criminals and threatening the security of the international financial system.