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G7 Nations Must Do More to Stop North Korea Crypto Hacks, Japan Suggests
16.5.2023
Not enough is being done to stop North Korea hacking crypto, Japanese government leaders have hinted at the latest G7 central bank governors and finance ministers’ summit.
Per Nikkei, an unnamed “high-ranking official” from the Japanese Ministry of Finance explained that North Korea is currently...
S Korean Regulator Launches Crypto Trading Platform Probe – Which Exchanges Are Involved?
10.3.2023
South Korea’s top financial regulator, the Financial Services Commission (FSC), has begun a “comprehensive inspection” of the nation’s crypto exchanges.
Per Decenter, Financial Services Commission (FSC) specifically wants to probe the 20 trading platforms that do not have licenses to trade fiat...
Moscow Authorities Detain British National Accused of Aiding North Korea in Crypto Sanction Evasion
23.2.2023
A British citizen who is wanted by the FBI for allegedly assisting the North Korean government to evade U.S. sanctions via crypto is in the custody of Russian authorities.
Christopher Emms, a 31-year-old who has a red notice from Interpol for consulting North Korea on cryptocurrencies, has been...
Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea
17.2.2023
Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea, according to blockchain analytics firm Elliptic. The firm noted that the stolen funds, which were dormant until recently, originated from the June 2022 hack of Harmony’s...
North Korea Crypto Theft Hit Record High Last Year, UN Says: Reuters
7.2.2023
The estimated value of stolen crypto asset ranges from $630 million to more than $1 billion
FBI Faults North Korean Government For $100M Crypto Heist
6.2.2023
The Federal Bureau of Investigation (FBI) has blamed a cyber-attack group backed by the government of North Korea for its role in a $100m crypto heist reported on 24 June 2022. The funds mainly in Ethereum (ETH) were stolen from Harmony's Horizon bridge....
Read More: FBI Faults North Korean...
Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis
4.2.2023
Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi) protocol hacks accounted for 82.1% of all cryptocurrency stolen by hackers during...
Head of S Korea’s V Global Crypto Exchange Will Serve 25 Years in Jail for $2.3bn Fraud
13.1.2023
The CEO of a bogus South Korean crypto exchange that tricked some 50,000 customers out of a total of $2.3 billion will spend the next 25 years behind bars – after the Supreme Court found him guilty of fraud.
Yonhap reported that the Supreme Court dismissed an appeal from the CEO of the V Global...
Executives from $1.5B South Korean crypto exchange fraud jailed
28.12.2022
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO, known as Mr. Lee was previously sentenced to a 22 year prison term
This City Wants to Launch a Crypto Exchange by the End of 2023 – Here’s How
14.12.2022
Busan, South Korea, has revealed details of its plan to become the first city in the world to launch and operate a crypto exchange. The city says it hopes to welcome its first crypto-trading customers by the end of 2023.
The city was granted a special status – a regulation-free blockchain zone...
Crypto.com, Gate.io Ink Deal to Help S Korean City Build ‘Digital Asets’ Exchange
26.10.2022
The South Korean city of Busan is inching closer to the launch of what could become the world’s first city-run crypto exchange – and has signed collaboration deals with the centralized exchange (CEX) giants Crypto.com and Gate.io.
The deals follow on the heels of similar agreements penned by...
South Korea Crypto Market Shrinks by 60% in Past Six Months – Are Investors Preparing a Move?
27.9.2022
The size of the South Korean crypto market has shrunk by a whopping 60% in the last six months as retail investors in the crypto-keen nation slash their crypto spending. But there is a suggestion that some traders in the nation are still dipping their toes in the market’s choppy waters, while...
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...
Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges
20.8.2022
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can...
KBW 2022: Crypto.com hits key regulatory milestone in South Korea
8.8.2022
“This is an exciting next step for Crypto.com in an important market,” said co-founder and CEO Kris Marszalek
New Crypto Lawsuits, Pan-Asian Crypto Regulations, Hiring Pause + More News
3.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: New Crypto Lawsuits, Pan-Asian Crypto Regulations, Hiring Pause + More News
2 Europeans Charged With Conspiracy in Virgil Griffith North Korea Crypto Sanctions Case
25.4.2022
South Korea Jails Seven Masterminds of Country’s ‘Largest Crypto Fraud Scheme’
13.2.2022
Seven executives of the collapsed South Korean scam cryptocurrency exchange, V Global, were recently handed lengthy jail sentences as punishment for their role in running one of the country’s biggest crypto frauds. Verdict Sets New Benchmark Seven former masterminds of the now-defunct scam...
South Korean Lawmaker Says He Will Start Accepting Crypto Donations in the New Year
1.1.2022
Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to...
South Korean crypto exchanges to follow Coinone in verifying private wallets
30.12.2021
South Korean exchanges will require users to verify their third-party wallet addresses to help the country comply with FATF travel rule guidelines