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South Korea focuses on OTC crypto regulations as unlawful deals reach $4B

18.9.2023
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using virtual currency was estimated to be worth $4 billion last year

South Korean Regulators Eye OTC Crypto Regulation

18.9.2023
South Korean regulators look set to turn their attention to the over-the-counter (OTC) crypto market, with indications regulation could be on its way. The nation has moved to shore up its regulatory system this year in the wake of the so-called “Terra-Luna scandal,” which left thousands...

3 steps crypto investors can take to avoid hacks by the Lazarus Group

17.9.2023
The Lazarus Group has mastered the art of stealing crypto investors’ assets. Here are a few tips on how investors can protect their portfolios

North Korean Hackers Use Russian-Based Exchanges to Launder Stolen Crypto, Report

17.9.2023
Hacking groups linked to North Korea are increasingly using exchanges in Russia to launder crypto, Chainalysis revealed. The shift in their strategy, registered by the blockchain forensics firm, coincides with a drop in the value of the stolen cryptocurrency this year in comparison with...

Elliptic Blockchain Surveillance Firm: North Korean Lazarus Group Theft Spree Reaches $240 Million in 104 Days

16.9.2023
Nefarious North Korean hacking group Lazarus has stolen nearly $240 million in cryptocurrencies in the past 104 days alone. In a report published by blockchain surveillance firm Elliptic, Lazarus has been identified as the perpetrator behind a series of major cryptocurrency hacks in recent months...

South Korea’s Crypto Ecosystem Shakes Off Terra Debacle, With Gaming Dominating Web3 Activity

15.9.2023
Korean banks are gradually dipping their toes in the market, and gaming firms are trying to capitalize in the crypto-frenzied market

Today in Crypto: Deutsche Bank Partners With Taurus to Provide Crypto Custody for Institutional Clients, BTC Lender Delio May Sue S.Korean Regulator, EY is Developing AI-Powered Platform

14.9.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Deutsche Bank Partners With Taurus to Provide Crypto Custody for Institutional Clients, BTC Lender Delio...

South Korean Bitcoin lender Delio plans to sue regulators: Report

14.9.2023
South Korean financial regulators accused Delio of fraud and embezzlement and seized its assets in July earlier this year

Lazarus Group Suspected in $54M Coinex Hack Following Recent Stake.com Breach

13.9.2023
The North Korean hacking syndicate Lazarus Group was likely behind the recent Coinex hack on Tuesday, according to onchain analyst Zachxbt. He revealed that the hackers inadvertently connected the funds to the recent Stake.com breach. North Korean Hackers Potentially Net $95M in a Week On Tuesday...

North Korea's Lazarus Group responsible for $55M CoinEx hack: Report

13.9.2023
Security firm SlowMist estimated that at least $55 million in digital assets were taken by the CoinEx hackers

Web3 Doesn’t Care About Bitcoin Prices – And Other Musings From Korea Blockchain Week

13.9.2023
A packed venue and hopeful cheers from an estimated 10,000 people attending the many Web3 panels could have made one doubt whether the industry remains in one of the deepest bear markets in its young history

Maple Finance Nearly Imploded, but Sid Powell Wants to Bring Back Its Billion Dollar-Plus Glory

11.9.2023
Last year’s crypto crash wiped out Maple Finance’s TVL as borrowers crumbled and lenders fled. In an interview with CoinDesk, the protocol’s co-founder and CEO lays out his plan for growth in an era of heightened risk management

Indonesia Expands De-Dollarization Efforts With National Task Force Formation

9.9.2023
Indonesia’s central bank has established a national task force to expand the use of local currency with partner countries. Malaysia, Thailand, Japan, and China are already trading with Indonesia using local currencies. In addition, Singapore and South Korea have signed cooperation agreements...

FBI Traces $41 Million Cryptocurrency Theft From Stake.com to Lazarus Group

9.9.2023
The Federal Bureau of Investigation (FBI) says it has confirmed that North Korea’s Lazarus Group was behind the crypto theft of about $41 million from online crypto casino and sports betting platform Stake.com. The FBI has provided a number of Bitcoin, Ethereum, Binance Smart Chain (BSC),...

Crypto Biz: Coinbase’s lending bet, a new ads policy at Google and Marathon’s mining performance

8.9.2023
This week’s Crypto Biz explores Coinbase's lending platform, Marathon Digital’s latest Bitcoin mining report, Hana Bank’s move to offer crypto custody and Google’s new crypto ads policy

FBI Identifies North Korean Lazarus Group as Culprit Behind $41 Million Stake Casino Hack

8.9.2023
North Korean hackers at the infamous Lazarus Group have by the FBI been identified as responsible for stealing $41 million worth of crypto from the online crypto casino Stake. The attack, which took place around September 4, drained funds over the blockchain networks Ethereum, BNB Chain (formerly...

Roger Ver Joins Leading Innovators at Upbit D Conference 2023

8.9.2023
PRESS RELEASE. The future of blockchain comes into focus at the Upbit D Conference (UDC), where Roger Ver, a leading figure in the crypto space and Founder of Bitcoin.com, will take the stage at Grand Walkerhill Seoul, Korea. Since its inception in 2018, UDC has transformed from an exclusive...