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South Korea Seeks to Freeze North’s Crypto Assets Under New Law
6.9.2023
The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the aim to make South Korean sanctions more effective...
Crypto Hubs 2023: Where to Live Freely and Work Smart
27.6.2023
With shifting regulatory regimes worldwide, crypto is on the move to find the best locales to put down roots, get licensed, register or just be. Crypto Hubs 2023, our ranking of the top 15 global crypto hubs, is a good place to start
Seoul: Asia’s Retail Crypto Capital Moves on After Do Kwon
27.6.2023
South Korea’s nearly 7 million registered users, many in the nation’s capital, show a huge interest in trading crypto. But CoinDesk’s 4th-ranked Crypto Hub for 2023 is still licking its wounds after the catastrophic collapse of Do Kwon’s Terra blockchain – for a time, South Korea’s favorite crypto...
Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account
27.4.2023
In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do Kwon are still in possession of a considerable...
Do Kwon seeks SEC charges dismissal as S.Korea rules LUNA as non-security
25.4.2023
The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act
Terraform Labs co-founder and nine others indicted in South Korea
25.4.2023
The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra
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...
Terraform Labs Co-Founder Daniel Shin’s Firm Chai Reportedly Raided by Seoul Prosecutors
16.11.2022
Following the collapse of FTX, law enforcement officials are still dealing with the Terra blockchain fiasco. A new report claims Terraform Labs (TFL) co-founder Daniel Shin’s company Chai Corporation was raided by South Korean investigators. Terraform Labs Co-Founder’s Company Chai Reportedly...
4,400 disgruntled investors are hunting for Terra's Do Kwon
20.10.2022
A retail investor group is trying to track down Terraform Labs co-founder Do Kwon following the crash of the Terra ecosystems’ cryptocurrencies
Report: South Korean Prosecutors Seek Software to Track and Monitor Crypto Transactions
17.10.2022
South Korean prosecutors investigating a $7.22 billion money laundering case are reportedly seeking to acquire virtual currency tracking software to be used in monitoring crypto transactions. South Korean financial authorities also believe there is a tax evasion angle to the case. Real-Time...
Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation
17.8.2022
Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the Terra investigation
Ethereum Co-Founder Vitalik Buterin Downplays Ethereum PoW Fork, Hopes It ‘Doesn’t Lead to People Losing Money’
8.8.2022
Ethereum co-founder Vitalik Buterin recently discussed what he thinks about the recent Ethereum proof-of-work (PoW) fork topic that’s been finding its way into a number of conversations within the crypto community. Buterin remarked at the ETH-Seoul conference over the weekend, that...
Legal troubles mount for Terraform Labs as Seoul police investigative
9.6.2022
South Korean authorities are currently investigating Terraform Labs and its employees on several charges including tax evasion and market manipulation
South Korean government becomes an early investor in metaverse
2.6.2022
South Korea’s rising interest in nascent tech could prompt other nations to take up the idea of metaverse more seriously
Report: Terra Founder Do Kwon’s Spouse Seeks Police Protection After the LUNA and UST Fallout
14.5.2022
Following the aftermath of the Terra blockchain tokens LUNA and UST losing significant value, reports indicate that the Terraform Labs founder Do Kwon’s apartment was visited by an unidentified person. Do Kwon’s spouse has requested protection from the Seongdong police in Seoul after...
Korean Government Confiscates $47 Million in Crypto From Tax Evaders
24.6.2021
South Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of dollars. Tax Agents Target Wealthy Tax Evaders...
Korean Exchanges Delist High-risk Coins as They Face Tough Regulations
17.6.2021
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading...
South Korean Financial Supervisory Service Tasked With Crypto Market Oversight
31.5.2021
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory...
Seoul government seizes $22M worth of crypto from tax evaders
23.4.2021
The City of Seoul becomes the first city in South Korea to confiscate cryptocurrencies owned by tax delinquents
South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018
13.2.2021
A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet. Funds Ended Up in a Wallet With an Unknown...