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The lasting agony of 3AC: Law Decoded, July 18-25
25.7.2022
A crypto hedge fund co-founders acknowledge their mistakes, driven by bull market overconfidence
Report: South Korean Prosecutors Raid Home of Terraform Labs Co-Founder
25.7.2022
A team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the prosecutors reportedly secured terra transaction data. Seven Cryptocurrency Exchanges Targeted...
Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty
24.7.2022
In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that it wants the tax bill settled before the...
Grassroots Sports Body Accountancy Chief Says She Stole Public Funds to Pay for Bitcoin
22.7.2022
A South Korean local government official in charge of managing public funds for grassroots sports has admitted to embezzling over USD 367,000 worth of tax payers’ money – which she says she and her husband spent on crypto investments and internet gambling.
KBC reported that the police are...
Taiwan vs. Crypto, Uprise Might Compensate Some LUNA Losses + More News
22.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Taiwan vs. Crypto, Uprise Might Compensate Some LUNA Losses + More News
Prosecutors Raid Home of Terra Co-Founder Daniel Shin as Do Kwon Returns to Twitter
22.7.2022
The South Korean prosecution service’s recent raid of 15 locations as part of the probe into the “Terra (LUNAC) incident” saw officers search the home of the Terraform Labs co-founder Daniel Shin.
Prosecutors are widely reported to be looking at evidence pertaining to figures at the top of...
South Korean Prosecutors Raid Terra Co-Founder Daniel Shin's Home: Report
22.7.2022
South Korean authorities are continuing their investigation into fraud allegations at the center of the Terra collapse
Korean crypto startup Uprise to compensate investors after disastrous LUNC short trade
21.7.2022
The investment startup made a short bet on LUNC in May using client funds. The trade blew up and wiped out 99% of its assets
South Korea postpones 20% tax on crypto gains to 2025
21.7.2022
The delay comes just a couple of months after newly elected president Yoon Suk-yeol promised to work on regulations first
South Korea Postpones 20% Crypto Tax to 2025
21.7.2022
The government announced its 2022 Tax Reform Bill on Thursday, which states the planned virtual asset tax, already delayed by a year, will be postponed further
New South Korean Crypto Regulator ‘Days Away from Launch’, Government Confirms
21.7.2022
The South Korean government is set to come good on a promise to launch a new regulatory agency that will govern the domestic crypto sector in the wake of what it calls the “Terra (LUNAC) incident.”
As reported in late May, the body has been tentatively named the Digital Assets Committee (literal...
South Korean authorities raid 15 entities linked to Terra collapse: Report
20.7.2022
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday
S Korean Prosecutors Raid 15 Addresses, Including Major Crypto Exchanges, as Part of Terra Probe
20.7.2022
South Korean prosecutors have raided 15 locations in Seoul as part of their ongoing probe into the “Terra (LUNAC) incident” – and have seized documents and data from at least seven crypto exchanges, including the market-leading platforms Upbit and Bithumb....
Read More: S Korean Prosecutors Raid...
Crypto CEO Appeals 25-year Prison Term for Pushing Girlfriend out of 19th-floor Window
20.7.2022
A 33-year-old South Korean crypto company chief has appealed a 25-year prison sentence after allegedly pushing his live-in girlfriend to her death from a 19th-storey window.
Per Asia Today and Newsis (via Fn News), the man, referred to for legal reasons by his surname Kim, was the CEO of...
Bitcoin is for billions: Fedimint on scaling BTC in the global south
19.7.2022
A community custody protocol, Fedimint wants to scale the Bitcoin network to a billion users located in the global south
South Korean Regulators Close the Net on Opportunistic Kimchi Premium Traders
19.7.2022
A South Korean financial regulator is set to go on the warpath in search of kimchi premium traders – and is vowing to bring suspected offenders to justice.
As previously reported, the kimchi premium is a phenomenon in the crypto trading markets whereby bitcoin (BTC) and altcoins trade on domestic...
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25
18.7.2022
A crypto lending platform still hopes to stay afloat, but experts doubt such probability
KEB Hana, A South Korean Bank, Expands to the Sandbox
18.7.2022
KEB Hana has entered into the virtual space of The Sandbox as a part of its global virtual expansion. KEB Hana is a South Korean bank that will now offer its services in the metaverse by opening a branch. Users can access the virtual brand of the South Korean bank and avail of the basic …
South African Court Releases Former Monero Developer Riccardo Spagni From Custody
18.7.2022
A South African regional court recently ruled to release former Monero lead maintainer, Riccardo Spagni, from custody. The ruling came just a few days after his arrest by local law enforcement agents, a report has said. Prior to his release, Spagni aka Fluffypony told the court he had returned...
South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan
17.7.2022
South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months — has legal and tax implications for both crypto investors and organizations providing intermediary services....