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Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months
31.1.2023
The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions, particularly to uncover the sources of illegal...
S Korean Ministry, Local Law Firm & Samsung Affiliate Included on FTX Creditor List
30.1.2023
Several South Korean firms – and a major government organ – were named on the crypto exchange FTX’s long list of creditors.
The list includes the nation’s biggest law firm, a Samsung subsidiary, and the Ministry of the Environment, Seoul Shinmun reported....
Read More: S Korean Ministry, Local...
North Korean Hackers Launder Staggering $27 Million in Ethereum from Recent Harmony Bridge Attack: Here's What You Need to Know
30.1.2023
In the aftermath of last year’s attack against the cross-chain bridge provider Harmony, North Korean hackers, who are widely blamed for the incident, are believed to have just finished laundering some ETH 17,278, worth more than $27 million, according to industry observers. ...
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White House: North Korean Funded Missile Program with $1bn Crypto Hack Haul
30.1.2023
The White House says that crypto industry “security vulnerabilities” allowed North Korean hackers to “steal more than $1 billion” in the past two years. And the US says Pyongyang has used the funds to support its missile program....
Read More: White House: North Korean Funded Missile Program with...
North Korean hackers launder $27M ETH from Harmony Bridge attack
29.1.2023
Three main addresses carried out transactions worth $27.18 million to six crypto exchanges
North Korean Hackers ‘Trying to Bait Crypto Users With Bogus Job Offers’
27.1.2023
North Korean hackers are trying to break into crypto accounts by sending bogus job offers, a security provider has claimed.
The claims were made in a post by Proofpoint, a California-based security provider, and reported by the South Korean media outlets KBS and TVChosun....
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Crypto Exchange Bithumb Raided in South Korean Price Manipulation Probe: Report
27.1.2023
South Korean prosecutors are investigating transactions related to a specific person or entity moving the price of a certain coin to make a profit
South Korean Lawmakers Are Gearing Up to Regulate Crypto. What Could That Look Like?
26.1.2023
The 300 members of South Korea’s National Assembly are currently considering 17 separate crypto-related proposals, from which they hope to shape the Digital Asset Basic Act
S Korean Prosecutors Raid Bithumb in Price Manipulation Probe, Hope to Arrest ‘Owner’
26.1.2023
The South Korean crypto exchange Bithumb has suffered another double blow from the nation’s prosecutors – who have raided the exchange in a price manipulation probe. Officers also want to arrest Bithumb’s suspected largest shareholder on embezzlement charges.
YTN reported that the Seoul Southern...
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
North Korea's Lazarus Group masterminded $100M Harmony hack: FBI confirms
24.1.2023
The FBI also confirmed earlier reports this month by figures such as ZachXBT that the hackers had started moving a large chunk of the funds around via privacy protocols
FBI: North Korean Hackers Behind $100 Million Horizon Bridge Theft
24.1.2023
A pair of North Korean hacker groups were behind the June theft of $100 million in crypto assets from Horizon Bridge, the Federal Bureau of Investigation (FBI) said in a Monday statement
South Korea to Regularly Inspect Crypto Risks With New Monitoring Tools
19.1.2023
South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is still low, the risks posed by crypto to the country’s financial stability could increase...
Multiple South Korean Firms Reportedly ‘Preparing Security Token Offering Platforms’
17.1.2023
A number of South Korean firms are preparing to launch security token offering (STO)-related services this year. And they are hopeful that regulators will give them the green light to get started this month.
Busan Ilbo reported that a number of major domestic companies are now keenly awaiting...
Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges
16.1.2023
On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates....
North Korean Hacking Group Tied to $100M Harmony Hack Moves 41,000 Ether Over Weekend
16.1.2023
Crypto exchange Huobi blocked funds tied to the hack on Monday morning
Bithumb ordered to pay outage damages to investors by South Korean court
16.1.2023
A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange
Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage
16.1.2023
South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb...
South Korean Software Giant AhnLab Unveils Crypto Wallet
12.1.2023
The South Korean software giant AhnLab has released a crypto wallet – becoming the latest in a long line of the country’s IT players to move into the space.
Per iNews24, AhnLab, the largest computer security company in South Korea and the brainchild of the tech entrepreneur and presidential...