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South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70%
25.11.2022
The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to delist WEMIX, the association claimed the information provided by the token’s issuer Wemade...
FTX collapse triggers second thoughts on Busan City's crypto exchange plans
23.11.2022
The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange
S Korean Regulators Draft New Crypto Laws – to Prevent More FTX and Terra ‘Incidents’
22.11.2022
Financial regulators in South Korea want to impose a raft of new crypto-related laws – in a direct response to the collapse of the FTX crypto exchange and the implosion of Terra ecosystem coins in May.
Thus far, most South Korean crypto exchanges have been left relatively unscathed by the...
South Korea, Singapore, Japan Top Countries Most Impacted by FTX Collapse: Report
22.11.2022
A new analysis shows that the countries most impacted by the collapse of cryptocurrency exchange FTX are South Korea, Singapore, and Japan. Moreover, Russia, Germany, Turkey, Taiwan, India, Egypt, and Brazil also made the top 10 list of countries most affected by the FTX meltdown. Countries Most...
The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21
21.11.2022
The founder of FTX provoked the withdrawal of his legal team and now faces the possibility of extradition to the United States
These Countries Were Hit The Hardest By the FTX Collapse – Find Out Why
21.11.2022
South Korea, Singapore, and Japan are the three countries most impacted by crypto exchange FTX's infamous implosion, with a combined 15.7% traffic share to FTX.com, said a report by Coingecko.
The methodology of the study, as explained by Julia Ng, who leads Growth Marketing & PR at CoinGecko...
‘High-ranking’ S Korean Civil Servant Caught Trading DOGE During Key Meeting
21.11.2022
A “high-ranking” South Korean civil servant has been caught buying Dogecoin (DOGE) on his cell phone – in the middle of an important local government meeting.
Reporters from the media outlet News1 snapped a photo of the official – a senior auditor in the affluent Gyeonggi Province. The auditor...
South Korea investigates crypto exchanges for listing native tokens
20.11.2022
Initial investigations revealed that all crypto exchanges performed lawful operations across South Korea. However, Flata Exchange is suspected of listing its in-house token, FLAT, in January 2020
South Korea Freezes $104 Million in Assets Belonging to Terra Co-Founder
20.11.2022
South Korea’s prosecutors have reportedly obtained a court order to freeze assets worth about $104 million belonging to Terraform Labs co-founder Daniel Shin. The authorities allege that he unfairly profited from selling cryptocurrency LUNA at high prices before the token crashed. Shin...
South Korean Authorities Seize $100 Million From Terra Luna Co-Founder
19.11.2022
South Korean officials have confiscated over $100 million worth of funds belonging to Terraform Labs co-founder Shin Hyun-Seong (Daniel Shin).
According to a Thursday report by South Korean local publication YTN, a South Korean court authorized the confiscation of 140 billion won ($104 million)...
South Korea seizes $104M from Terra co-founder suspecting unfair profits
19.11.2022
The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors
1 in 5 South Koreans Still Investing in Crypto – Which Coins Are They Trading?
18.11.2022
A new survey has found that around one in five South Koreans are still investing in crypto – in spite of the collapse of the FTX exchange and the downturn in global markets.
Per News1, the survey was conducted nationwide this month by the research firm Consumer Insight. The company spoke to 2,000...
News Summary: Bitvo Backs Off FTX Acquisition Deal, Trust Wallet Integrates with Binance Pay, New Ethereum Climate Platform
17.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: News Summary: Bitvo Backs Off FTX Acquisition Deal, Trust Wallet Integrates with Binance Pay, New Ethereum Climate Platform
South Korean Crypto Exchange Gopax Services Hit by Genesis Disruption
17.11.2022
Crypto chaos is finally taking its toll on South Korean exchanges – with the crypto investment bank Genesis’ decision to pause redemptions and new loan offerings earlier this week disrupting services on the Gopax trading platform.
Platforms in the nation have – until very recently – appeared...
Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg
16.11.2022
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the New York-based consultancy company JS Held. According to the report, LFG claims to have spent...
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...
News Summary: SBF May be Brought to US for Questioning, FTX Australia’s Financial License Suspended, FTX Bahama-based Subsidiary Files for Bankruptcy
16.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: News Summary: SBF May be Brought to US for Questioning, FTX Australia’s Financial License Suspended, FTX Bahama-based...
South Korean Police Probe Crypto Mining Outfit on ‘Ponzi Scam’ Suspicions
16.11.2022
South Korean police officers are investigating a crypto mining firm that allegedly failed to pay back its investors – after promising them monthly returns of up to 12%....
Read More: South Korean Police Probe Crypto Mining Outfit on ‘Ponzi Scam’ Suspicions
South Korean Prosecutors Raid Terra Co-Founder's Company in UST Probe
16.11.2022
Officials said they suspect Chai Corp. leaked customer information to Terraform Labs
Relaunch of USAN — the Union of South American Nations — in Latam Profiles New Monetary Integration
16.11.2022
A proposal for relaunching the currently defunct USAN, the Union of South American Nations, profiles a future monetary integration amongst the countries of the organization. The proposal, made by several former presidents of countries in Latam, reinforces the need for regional integration...