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Investor Sues Korean Crypto Exchange for Delaying Coin Transfer Before Luna Crash
8.9.2022
A cryptocurrency investor has reportedly sued South Korean crypto exchange Upbit after the trading platform delayed processing his luna coin transfer prior to its crash. The Korean crypto exchange is investigating the details of the lawsuit. Upbit Sued by Crypto Investor Dunamu Inc., the company...
South Korean Crypto Exchanges Restrict Russians’ Access Over War in Ukraine
4.3.2022
Major South Korean cryptocurrency exchanges have introduced restrictions for Russian users, effectively joining western sanctions over Moscow’s military invasion of Ukraine. The measures include blocking IP addresses originating from the Russian Federation. Largest Korean Exchange May Deny...
DCG-backed Korean exchange faces closure if it can’t find banking partner
17.9.2021
South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline, it will need to shut down
Bithumb to Ban Foreign Traders Failing Mobile Phone Identification
4.9.2021
South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb...
Upbit is First South Korean Exchange to Apply for Operating Permit
23.8.2021
Upbit has become the first South Korean crypto exchange to officially apply for an operating license – with the nation’s financial regulator confident that “at least one or two” others will follow suit before the end of this month.
The move is a major statement from the crypto sector, which...
69,000 Potentially out of Pocket in Alleged South Korean Exchange Scam
4.6.2021
Far more South Korean investors than previously thought appear to have been sucked into an alleged crypto scam revolving around the V Global crypto exchange.
As reported last month, police said that “mainly pensioners and housewives” had been the victims of the suspected fraud. Officers in Seoul...
More S Korean Exchange Customers in Nervous Hunt for their Crypto
16.4.2021
The South Korean media is carrying more reports of crypto exchanges delaying their clients’ withdrawal requests – and in some cases failing to respond to the customers altogether as investors’ worries about the security of their funds intensify.
As previously reported, crypto holders with tokens...
Morgan Stanley rumored to be eyeing stake in top Korean exchange Bithumb
19.3.2021
Korean media has reported that Morgan Stanley is in talks with Bident — who owns a 10% of Bithumb Korea
Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading
12.12.2020
South Korean securities exchange operator is now expanding its overseeing capacity by monitoring all crypto-related stock activities after volatile movements seen in the last few weeks on listed companies tied to the industry. KRX’s Market Oversights Committee to Supervise Crypto-Linked...
South Korean exchange traffic has risen sharply since June — Is this why?
11.9.2020
The boost may come down to the popularity of one specific token
South Korean Exchange Coinbit Seized Over Allegations of Fraud
26.8.2020
South Korea's third largest crypto exchange, has reportedly been seized by police over allegations it faked transaction volumes
Accusations Pile Up Against ‘Big’ South Korean Exchange
12.12.2019
The storm around an unnamed major South Korean cryptocurrency exchange is continuing to rage – with a senior politician allegedly involved, an ongoing assault/kidnapping case ongoing and now claims of artificially inflated trading volume figures.
As previously reported, the head of a major...
Police Hit CEO of ‘Top 3’ South Korean Exchange with Assault Wrap
28.11.2019
South Korean cryptocurrency exchanges are enduring a torrid week – with the CEO of what media outlets are calling a “top-three” crypto trading platform facing assault and extortion charges.
Per Maeil Kyungjae, police in Gangnam, Seoul, have charged the unnamed exchange’s CEO, who for legal reasons...
South Korean Exchange CEO Sentenced to 16 Years in Prison
13.11.2019
A South Korean district court has sentenced executives of a local crypto exchange to prison. The CEO of the exchange got a 16-year jail sentence while other executives and their accomplices got between six and 11 years. They duped thousands of investors, promising them up to 200% return within...
South Korean Exchange Upbit Ends Orderbook Partnership With Bittrex
27.9.2019
Upbit reorganizes BTC, ETH markets, and ends Bittrex partnership
Largest South Korean Exchange to Review Listings and Boot Failing Coins
23.8.2019
Bithumb will assemble a committee to periodically review its listed cryptocurrencies, becoming the second exchange in Korea to update its listing policies
S Korean Exchange to ‘Boost Restrictions’ on Deposits, Withdrawals
9.8.2019
South Korean cryptocurrency exchanges could be set to police their customers more thoroughly, as platforms in the country look set to fall in line with regulatory pressure.
Per ZDNet Korea, the Korbit exchange says it will “strengthen its restrictions on deposits and withdrawals through Fraud...
Major South Korean Exchange Joins SBI Ripple Asia Payment Solution
17.6.2019
Ripple is continuously growing its network in Southeast Asia. It is continually adding clients to its payment network RippleNet. The major cryptocurrency exchange of South Korea has lately announced to join the chain. Coinone, the major digital currency exchange of the county has joined SBI-Ripple...
S Korean Exchange Joins Ripple’s Cross-border Payment Network
17.6.2019
South Korean cryptocurrency exchanges are looking to expand the scope of their activities – with one of the country’s market leaders joining Ripple’s Asian blockchain pay project.
Coinone, one of the nation’s “big four” exchanges has announced that it is to join SBI-Ripple Asia, an international...