Search
Top South Korean Scam Crypto Exchange Exec Given 8-year Jail Sentence
27.12.2022
The top executive at a South Korean scam crypto exchange that duped over 50,000 investors out of a combined $1.7 billion will serve an eight-year jail sentence after a court found him guilty of fraud.
Kyeongin Ilbo and Economist.co.kr reported that the Criminal Division of the Suwon District Court...
SlowMist investigation of North Korean APT shows huge phishing threats on the NFT
26.12.2022
SlowMist has reported that a hacker group recently conducted a phishing attack from North Korea.SlowMist was established in 2018 as a blockchain security firm. It provides services such as security audits, red teaming, and security consultancy, to mention a few. The attempt was to steal...
North Korean hackers stealing NFTs using nearly 500 phishing domains
26.12.2022
The hackers created decoy websites impersonating NFT marketplaces, NFT projects and even a DeFi platform
Samsung Is Investing More Than $35 Million in Latam-Focused Metaverse Initiatives
24.12.2022
Samsung, the Korean electronics behemoth, has revealed it is currently investing more than $35 million dollars in metaverse initiatives for the Latam audience. The objective behind this move is to help the brand attract and connect with younger audiences, as part of its digital push and growth...
North Korea’s Crypto Hacking Efforts to Intensify in 2023, Warns Seoul
23.12.2022
Intelligence chiefs south of the DMZ have warned that North Korea’s crypto hacking campaigns will likely intensify in the year ahead.
Per YTN, the South Korean National Intelligence Service (NIS) has recently established a National Cybersecurity Cooperation Center – along with private security...
North Korean hacking activity ceases after regulators implement KYC - Report
22.12.2022
Intelligence officials that out of $620 million in crypto stolen by North Korean hackers this year, none were related to South Korea
Crypto-trading South Korean Soldier ‘Sold Fake Concert Tickets to Fuel Spending’
22.12.2022
South Korean police have charged a man in his twenties with embezzlement and fraud – claiming that, during his military service, he fueled his crypto trading habits by selling bogus concert tickets online.
The man, aged 22 but unnamed for legal reasons, was arrested at the Heungdeok Police Station...
South Korean Tax Officials Have Seized Crypto from 5,741 People
20.12.2022
South Korean tax authorities have seized crypto from 5,741 citizens since 2020. Tax officials say the citizens in question were guilty of tax evasion or defaulting on tax bills.
KBS reported that data was released by the National Tax Service (NTS), following a freedom of information request from...
South Korean court freezes $92M in assets related to Terra tokens
20.12.2022
The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra
First Mover Asia: Busan as Blockchain Hub? The Korean City Is Traveling the Wrong Path; No Bail for Bankman-Fried
14.12.2022
Busan wants to integrate blockchain technology into all facets of government service, and create the first city-run crypto exchange
Fugitive Do Kwon Now Staying in Serbia Report Says — Terraform Labs CEO Suggests SBF Is to Blame for UST Depeg
12.12.2022
A new report has claimed that Do Kwon, the fugitive CEO of Terraform Labs, is currently staying in Serbia. The report added that the South Korean government has engaged the Serbian government regarding the matter. Meanwhile, Kwon has accused Sam Bankman-Fried and Alameda Research of orchestrating...
S Korean Prosecutors Say Do Kwon Is in Serbia, Terra Luna Classic Takes a Tumble
12.12.2022
South Korean prosecutors have claimed Do Kwon is “in hiding” in Serbia – and have asked the European nation’s police force to hand him over to them. Meanwhile, it has been a rocky past few hours for Terra Luna Classic (LUNC) – the token launched by Kwon and his firm Terraform Labs....
Read More:...
South Korean Court Denies Injunction Against Crypto Exchanges for Delisting Metaverse Token Wemix: Report
8.12.2022
The Wemix token is trading 90% lower than this time last month after it was delisted by several exchanges
Wemix delisting saga continues at South Korean court
8.12.2022
Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges
South Korean Gaming Giant WeMade Loses Legal Struggle Against WEMIX Delisting
8.12.2022
The South Korean gaming firm WeMade has lost its legal battle against the nation’s biggest crypto exchanges – who have decided to delist its wemix coin (WEMIX).
WEMIX was issued with an “investment warning” in October by the Digital Asset Exchange Association (DAXA). The DAXA is a group that...
North Korea Running ‘Trojan-infested Fake Crypto Exchange,’ Say Experts
7.12.2022
A security firm says North Korean hackers created a bogus crypto exchange that infects users’ internet-connected devices with malware – which allows them to access sensitive networks so they can steal cryptoassets.
The claims were made by the security provider Volexity, and backed by the likes...
North Korean Lazarus Group is targeting crypto funds with a new spin on an old trick
6.12.2022
Microsoft and cybersecurity firm Volexity have traced a new version of AppleJeus malware to the hackers behind the Ronin exploit and numerous other online heists
North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme
5.12.2022
The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties. The campaign, which uses a modified version of an already existing malware product called...
S Korean Prosecutors Fail in Effort to Arrest Terraform Co-Founder Shin, Do Kwon Gloats
5.12.2022
South Korean prosecutors have suffered a blow in their bid to arrest the masterminds of the Terra ecosystem – after a court turned down a request for the arrest of the Terraform Labs Co-founder Daniel Shin. The news was met with much glee from Shin’s fellow Co-founder Do Kwon, who celebrated...
Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund
3.12.2022
Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to...