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Nalezeno "South Korean Prosecutors": 37

14 Suspected South Korean ‘Kimchi Premium’ Crypto Traders Cleared

12.2.2024
South Korean prosecutors have suffered a blow in their efforts to shut down kimchi premium crypto traders – with 14 suspects cleared of wrongdoing. Officials accused 16 people of illegally remitting $3.2 billion worth of assets, including crypto, fiat, and goods. Newsis reported that two of...

South Korean Prosecutors, Police Face Bribery Wrap in Crypto Fraud Trial

31.1.2024
Eight South Korean prosecutors and police officers could be trialed in connection to the high-profile case of a suspected crypto fraudster. Per Newsis, the trial of one unnamed prosecutor has already begun in the city of Gwangju. The case centers around a suspected crypto fraudster surnamed Tak....

Bithumb’s Ex-Chair Faces Eight-Year Jail Term as Prosecutors File Appeal

17.11.2023
source: gesrey/Adobe South Korean prosecutors have filed an appeal in the alleged fraud case involving Lee Jeong-hoon, the former chair of local cryptocurrency exchange Bithumb. According to the report from Seoul Economic Daily, prosecutors are once again advocating for an eight-year jail term...

South Korean Authorities Take Aim at Unregulated Crypto OTC Desks Amid Money Laundering Concerns

19.9.2023
South Korean prosecutors and regulators are directing their attention toward reported issues concerning unregulated cryptocurrency-based over-the-counter (OTC) trading and deposit enterprises. During the third annual prosecutors’ conference, officials proposed the necessity for enhanced...

South Korean Prosecutors Seek Arrest Warrants for Golf Star & Bithumb Exec

31.8.2023
South Korean prosecutors have asked a court to arrest an ex-pro golfer and a top executive at Bithumb, one of the country’s leading crypto exchanges. YTN reported that the Seoul Southern District Prosecutors’ Office’s Financial Investigation Department wants to try golfer Ahn Seong-hyun and...

SEC-Ripple Ruling a ‘Silver Lining’ for South Korean Prosecutors in Do Kwon Case

9.8.2023
The XRP trial ruling may reportedly negatively impact South Korean prosecutors’ bid to convict Do Kwon and Terraform Labs of fraud and securities violations, but officials claim otherwise. The US Securities and Exchange Commission (SEC) has expressed its “disappointment” at a court ruling last...

South Korean Prosecutors Buy Blockchain Analytics Tools in Bid to Bust ‘Crypto Money Laundering’

22.5.2023
South Korea’s prosecution service will buy new blockchain analytics software – and wants to use it to catch people laundering crypto overseas. Per the domestic media outlet Economist, the new tools will be used to apply the same level of scrutiny to overseas exchanges as is currently applied...

Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings

17.5.2023
South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean...

Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million

11.5.2023
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176...

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....

South Korean Prosecutors Make Fresh Bid to Arrest Terraform Co-founder Daniel Shin

28.3.2023
South Korean prosecutors hope to arrest Daniel Shin, the Co-founder of Terraform Labs – after officers raided his company Chai Corporation. Meanwhile, evidence appears to show that Do Kwon, the Terraform CEO, established a company in Serbia during his 11-month flight from the prosecution.... Read...

Terraform Labs CEO Do Kwon Faces Extradition to South Korea

24.3.2023
According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea....

South Korean Prosecutors Applaud ‘Meaningful’ US Do Kwon Charges

20.2.2023
South Korean prosecutors have applauded “meaningful” charges brought against Do Kwon, the Co-founder of Terraform Labs, by the top American financial regulator.... Read More: South Korean Prosecutors Applaud ‘Meaningful’ US Do Kwon Charges

South Korean Prosecutors Arrest Executive Linked to Crypto Exchange Bithumb: Report

2.2.2023
Kang Jong-hyun, a former chairman at South Koean cryptocurrency exchange Bithumb has been arrested on Thursday

Crypto Exchange Bithumb Owner’s Arrest Requested by South Korean Prosecutors: Report

25.1.2023
Kang Jong-Hyun and his sister are under investigation for embezzlement related to tax evasion allegations against Bithumb

South Korean prosecutors request arrest warrant for Bithumb owner: Report

25.1.2023
One of the country’s largest crypto exchanges has fallen under investigators’ scrutiny over allegations of embezzlement by company executives

South Korean Prosecutors Fail in Bid to Jail Ex Bithumb Boss

4.1.2023
South Korean prosecutors have been thwarted in their efforts to send the former head of the crypto exchange Bithumb to prison for eight years. Per TVChosun, a branch of the Seoul Central District Court acquitted Lee Jung-hoon on fraud charges. Lee had been accused of wrongdoing in a case dating...