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FBI Says North Korean Hackers May Try to Sell $40M of Bitcoin
23.8.2023
North Korean hackers look set to try to sell more than $40 million of stolen bitcoin (BTC), the Federal Bureau of Investigation (FBI) said
New Report Suggests About 8,000 Korean Residents May Lose Digital Assets Over Tax Evasion
22.8.2023
Financial regulators in the South Korean city of Cheongju are set to confiscate digital assets from local tax evaders.
According to a report on Aug 22 by Yongap, a local news agency, the authorities of the city have set plans in motion to clamp down on virtual asset holders in centralized...
South Korean city to seize crypto from thousands of tax evaders: Report
22.8.2023
City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government
‘Crypto Debt’ Drove South Korean College Student to Armed Robbery
21.8.2023
A South Korean man has been handed a suspended jail term of almost three years after he was found guilty of armed robbery “to clear a crypto debt.”
According to the South Korean media outlet WowTV, the unnamed criminal was 22 years old and had amassed debts of over $37,000 due to “failed...
Worldcoin’s Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets
19.8.2023
In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin (WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of more than 11%. Interestingly, within the past...
North Korean Attackers Have Stolen $200 Million Across 30 Crypto Heists in 2023: TRM Labs
18.8.2023
A new report from blockchain analytics firm TRM Labs noted that North Korean hackers have stolen more than $2 billion in cryptocurrencies in the past five years. It estimated around $200 million in crypto heists this year alone.
According to TRM Labs insights, the stolen amount accounts for...
North Korean hackers have stolen $2B of crypto since 2018: Report
18.8.2023
TRM Labs estimates that North Korean hackers have stolen $200 million of cryptocurrency in 2023 alone
South Korean Police Arrest 312 in Crypto-powered Drug Trading Busts
16.8.2023
South Korean police are stepping up their crackdown on crypto-powered drug trafficking, and have made 312 arrests in a wide-sweeping narcotics bust.
The broadcaster KBS reported that the arrests were carried out by the Seoul Metropolitan Police Agency’s Drug Crime Investigation.
The suspects were...
North Korea Hackers Continue to Target Crypto Platforms: UN Report
13.8.2023
Hackers working for North Korea have continued to attack companies in the crypto space this year, according to independent sanctions monitors. Their findings, which reveal that Pyongyang proceeds with the development of its nuclear and weapons programs, will be included in a U.N. report which is...
S Korean Prosecutors Want to Jail $651m ‘Crypto Scammers’ for 12-15 Years
12.8.2023
South Korean prosecutors say they hope to jail executives thought to be behind a $651 million crypto scam to prison for up to 15 years.
Per the media outlet Asia Kyungjae, the alleged scam saw 8,000 people left out of pocket.
The scammers allegedly offered individuals “payouts” if they paid their...
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...
Cronos Labs enters the Korean market
8.8.2023
Cronos Labs, known for its blockchain network, has announced that it is now targeting the market of Korea for its global expansion. The move became more evident when Cronos Labs marked its presence at the Seoul Web3 Festival to judge some of the upcoming dApps, short for decentralized applications....
CoinsPaid claims North Korean hacking group used fake job interview to steal $37M
7.8.2023
Hackers attempted to infiltrate CoinsPaid infrastructure directly starting in March 2023, but switched their approach to targeting individuals through fake high-salary job offers
Korean superconductor LK99 joins memecoin craze
4.8.2023
The world's supposed first room-temperature ambient pressure superconductor already has a memecoin
South Korean Exchange Upbit Surpasses Coinbase, OKX in July Trading Volume to Take No. 2 Spot for First Time
3.8.2023
The exchange bucked the general market trend that saw a decline in trading volume for most centralized exchanges
Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities
28.7.2023
According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency...
Korean banks to research the stablecoins alternative
24.7.2023
Hana Bank plans to conduct research on certificate of deposit tokens, while Woori Bank’s research department has already recently released a report on them
Crypto lender Delio warns normal operations in jeopardy after asset seizures
24.7.2023
The South Korean crypto lender has had to halt certain interest payments amid a recent investigation resulting in the company and its customers' assets being seized
South Korean central bank charts out future course of payment systems, CBDC
19.7.2023
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
18.7.2023
The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real time in its second stablecoin pilot project