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Could South Korean Crypto Exchanges Be Safe from Bankruptcy Risk?
15.11.2022
With some of the biggest names in the crypto exchange game apparently teetering on the cusp of bankruptcy, attention in South Korea is turning to domestic trading platforms. And some are suggesting that the nation’s sector may be safe from insolvency – at least for the time being.
Per a report...
South Korean prosecutors call on Terra co-founder Shin Hyun-seong to cooperate: Report
14.11.2022
Authorities reportedly alleged Shin Hyun-seong earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra's collapse
South Korean Stablecoin Fraudster Aged-60+ Jailed for Six Years
14.11.2022
Crypto fraud continues to escalate in South Korea – where a scammer aged over 60 has been given a six-year jail term for duping victims into investing in a sham stablecoin.
Segye Ilbo reported that an unnamed individual in their sixties – named for legal reasons as A – was imprisoned on charges...
South Korean Academic: We Must Block North from Hacking Crypto
9.11.2022
A South Korean academic has claimed that Seoul must take steps to stop Pyongyang from hacking crypto targets south of the demilitarized zone – as tensions escalate between North Korea and its southern neighbor.
Reports from both South Korea and Japan have repeatedly stated that Pyongyang-based...
South Korean prosecutors accuse Do Kwon of manipulating Terra's price
4.11.2022
Prosecutors have reportedly secured a "messenger conversation" in which Kwon ordered an employee to manipulate Terra's market price
Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA’s Market Price
3.11.2022
On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding...
The crypto market bottom is ‘almost in’ — Market Talks chats with trader Korean Jew Crypto
3.11.2022
Market Talks discussed the Bitcoin bottom, DOGE’s price action and signs to follow in order to know when it’s time to ape into crypto
South Korean regulators aim to toughen crypto fraud punishments
1.11.2022
The legislation, separate from the upcoming Digital Asset Basic Act, may came into force already in 2023
S Korean Police Shut Down $472,000 Group Chat-based Crypto Fraudsters
1.11.2022
South Korean police say they have arrested the ringleaders of a $472,000 crypto fraud gang that made use of the group chat function on a social media app to lure in unsuspecting victims.
MBN Money reported that the Incheon Metropolitan Police Agency explained that it had arrested three men...
S Korean Prosecutors Arrest Exec Suspected of Destroying Evidence at Bithumb ‘Affiliate’
31.10.2022
South Korean law enforcers have arrested an executive at one of the crypto exchange Bithumb’s affiliate companies. The executive was charged with destroying evidence prior to an onsite probe earlier this month.
The development comes as MPs and prosecutors attempt to unravel the mysteries...
South Korean Public Official ‘Used Bribes to Buy Crypto,’ Police Claim
28.10.2022
Yet another South Korean government worker appears to have used ill-gotten gains to fund their crypto cravings: After reports that a public official fled abroad with $2.8 million worth of stolen public funds that has been converted to crypto, it has emerged that another former official may have...
S Korean Gov’t Worker ‘Embezzled Public Funds and Escaped with $2.8m in Crypto’
27.10.2022
A missing South Korean government worker is thought to be on the run with $2.8 million worth of public funds stolen from the country’s National Health Insurance Service (NHIS) – and the suspect appears to have converted most or all of the money to crypto....
Read More: S Korean Gov’t Worker...
Crypto.com, Gate.io Ink Deal to Help S Korean City Build ‘Digital Asets’ Exchange
26.10.2022
The South Korean city of Busan is inching closer to the launch of what could become the world’s first city-run crypto exchange – and has signed collaboration deals with the centralized exchange (CEX) giants Crypto.com and Gate.io.
The deals follow on the heels of similar agreements penned by...
Crypto Exchange Gate is Latest to Sign MoU with South Korean's Busan
26.10.2022
Binance, Huobi and FTX have previously signed a memorandum of understanding with Busan as it looks to developer its nascent crypto market
S Korean MPs Rage After Terra Co-founder and Bithumb Shareholders Snub Hearing
25.10.2022
A number of leading South Korean crypto industry leaders failed to show up to a parliamentary hearing yesterday – including the Co-founder of the under-fire Terra Luna Classic (LUNC) issuer Terraform Labs Daniel Shin, as well as shareholders of the crypto exchange Bithumb....
Read More: S Korean...
S. Korean Prosecutors Request Eight Year Prison Sentence for Ex-Bithumb Chairman on $70M Fraud Charges
25.10.2022
The owner of South Korean crypto exchange Bithumb, Lee Jung-hoon, is likely to be sentenced to eight years in prison for committing fraud
South Korean Regulator Plans to Look at Stablecoins' Role in Money Laundering: Report
24.10.2022
The country's Financial Services Commission considers stablecoins to be highly susceptible to money laundering, according to a new report
S. Korean watchdog goes after crypto whales to ensure AML compliance
24.10.2022
The South Korean regulator noted that popular stablecoins used by the public might become a primary tool for laundering using digital assets
S. Korean Prosecutors Say Reports of Do Kwon's Stopover in Dubai 'Not False': Bloomberg
21.10.2022
There have been rumours circulating that Do Kwon, co-founder of Terraform Labs, the firm behind the Terra blockchain network, has left Singapore for Dubai. Prosecutors have said that these rumours are "not false," Bloomberg reported Friday
South Korean Prosecutors: Do Kwon Left Singapore for Dubai Last Month
20.10.2022
Do Kwon, the Co-founder and CEO of Terraform Labs, left Singapore last month for Dubai, South Korean prosecutors and police have claimed. But Kwon they say he has since left the United Arab Emirates – and is now in a “third” country.
Per Maeil Kyungjae, the Seoul Southern District Prosecutors’...