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Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils
16.4.2023
Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent...
Call Of Duty Is Selling ‘Blatantly Pay-To-Win’ DMZ Skins
13.4.2023
Call of Duty: Warzone 2.0 just entered its third season, with a brand new battle pass, and plenty of cool-looking stuff in the shop. But there’s a bit of a problem—actually, it’s kind of a big problem. Some of that cool-looking stuff is currently under fire by fans of Warzone 2.0’s DMZ mode,...
As Justice is Sought for Do Kwon, South Korea’s Crypto Scene Emerges From Terra Luna’s Shadow
13.4.2023
The collapse of Terra continues to reverberate in Do Kwon’s homeland, but there are signs of progress, CoinDesk’s Emily Parker reports
Korean ‘Crypto Murder’ Case: Couple Paid ‘Killer’ – Here’s What We Know
13.4.2023
A couple at center of a crypto murder-kidnap case that has rocked South Korea have reportedly confirmed that they gave money to the suspected killer of a 48-year-old woman.
Police have thus far arrested and charged seven people after the woman’s body was found late last month abandoned near a...
ApeCoin surges 1,950% on South Korean crypto exchange Upbit
12.4.2023
The APE/BTC trading pair reached an all-time high of around $90 apiece on the exchange
Terra Founder Do Kwon’s Crypto Stash Under Threat as S Korean Prosecutors Make Move
12.4.2023
South Korean prosecution officials want to freeze crypto holdings and cash belonging to the Terraform Labs founder Do Kwon, and have asked a court to help them freeze funds located in Switzerland and elsewhere.
Per the newspaper The Joongang, prosecutors are “proceeding with the process of tying...
we2net Gains Strong Traction in Korea with 200+ LP Holders and $760k Initial Liquidity
11.4.2023
PRESS RELEASE. we2net, a new DeFi platform that aims to bridge the gap between centralized and decentralized finance, has gained strong traction in Korea with over 230+ LP holders and nearly $760k in initial liquidity within just three weeks of launching its offline development efforts. According...
Employees of South Korean Crypto Exchange Coinone Arrested: Report
11.4.2023
Seoul Southern District Court Chief Judge Kim Ji-Sook issued a warrant for the arrests on Monday, saying "There is concern about escaping."
S. Korean Crypto Exchange Gdac Hacked for Nearly $13M
10.4.2023
The exchange said on Sunday hackers transferred the crypto assets from a hot wallet to an unidentified wallet
Today in Crypto: Do Kwon Converted Millions in Illicit Funds to BTC, Robinhood to Pay $10.2M in Penalties, Mt Gox Creditors Repayment Window Now Open
7.4.2023
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: Do Kwon Converted Millions in Illicit Funds to BTC, Robinhood to Pay $10.2M in Penalties, Mt Gox Creditors...
South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders
7.4.2023
According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash was transferred to an international exchange....
Do Kwon's Millions Are Not in South Korea, Prosecutors Say: Report
7.4.2023
South Korea requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro
Do Kwon converted stolen funds from Luna to Bitcoin: S.Korean prosecutors
7.4.2023
South Korean prosecutors have reached out to Binance to request a halt on any withdrawal linked to Do Kwon
US Treasury Report: North Korea and Scammers Using DeFi to Launder Dirty Money – Regulation Incoming?
7.4.2023
The US Treasury has revealed that North Korean hackers and scammers exploit loopholes in the decentralized finance (DeFi) space to launder money and hide criminal activity.
In a Thursday report, the federal agency claimed that North Korean hackers and other groups engaged in illicit activity have...
North Korea and criminals are using DeFi services for money laundering — US Treasury
6.4.2023
Despite the warnings on DeFi, Treasury noted that "most money laundering, terrorist financing, and proliferation financing" occurred using fiat or outside the crypto ecosystem
U.S. Treasury Warns DeFi Is Used by North Korea, Scammers to Launder Dirty Money
6.4.2023
The Treasury's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime
Spate of “Free NFTs” Scams Blights South Korea
6.4.2023
South Koreans are under attack from non-fungible token (NFT) scammers who pose as bona fide project operators to drain crypto from their victims.
Yonhap reported that “phishing emails” that “steal cryptoassets” from their victims are “being distributed on a large scale,” per a warning from...
S Korean Police Raid Plastic Surgery, Identify Suspects in ‘Crypto Murder’ Case – Here’s the Latest
5.4.2023
South Korean police have raided a plastic surgery clinic in connection with the suspected crypto-motivated kidnap and murder of a 48-year-old woman.
The woman’s body was found late last month in a case that has dominated headlines in the country. Three men were captured on video apparently...
Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder
5.4.2023
Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South...
Massive supply chain attack targeting small number of crypto companies: Kaspersky
4.4.2023
Crowdstrike and Kaspersky found an infection in a communications app that delivered a backdoor, but deployed it only a few times