Search
South Korean Prosecutors Wrap up Terra Raids on Exchanges, Tech & VC Firms
2.8.2022
A more than week-long prosecution raid of South Korean crypto exchanges and companies linked to Terraform Labs has finally come to an end, with officers admitting that finding the information they were after was challenging.
As reported, the Seoul Southern District Prosecutors’ Office-run Joint...
Ethereum Classic Climbs 124% in 2 Weeks, Hashrate Spikes, KRW Captures 20% of ETC’s Trade Volume
28.7.2022
Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community. For years now both chains have co-existed using...
FTX in Talks to Buy South Korean Crypto Exchange Bithumb: Report
26.7.2022
Bithumb’s parent company is considering both an outright sale or entering into joint ownership
Report: South Korean Prosecutors Raid Home of Terraform Labs Co-Founder
25.7.2022
A team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the prosecutors reportedly secured terra transaction data. Seven Cryptocurrency Exchanges Targeted...
Prosecutors Raid Home of Terra Co-Founder Daniel Shin as Do Kwon Returns to Twitter
22.7.2022
The South Korean prosecution service’s recent raid of 15 locations as part of the probe into the “Terra (LUNAC) incident” saw officers search the home of the Terraform Labs co-founder Daniel Shin.
Prosecutors are widely reported to be looking at evidence pertaining to figures at the top of...
South Korean Prosecutors Raid Terra Co-Founder Daniel Shin's Home: Report
22.7.2022
South Korean authorities are continuing their investigation into fraud allegations at the center of the Terra collapse
Korean crypto startup Uprise to compensate investors after disastrous LUNC short trade
21.7.2022
The investment startup made a short bet on LUNC in May using client funds. The trade blew up and wiped out 99% of its assets
DOJ Seizes $500K in Ransom Payments, Cryptocurrency From State-Sponsored North Korean Hackers
21.7.2022
The U.S. Department of Justice (DOJ) has seized $500K in ransom payments and cryptocurrency from a state-sponsored North Korean group. “We are returning the stolen funds to the victims,” Deputy Attorney General Lisa O. Monaco said, adding that the seized funds include ransoms paid...
New South Korean Crypto Regulator ‘Days Away from Launch’, Government Confirms
21.7.2022
The South Korean government is set to come good on a promise to launch a new regulatory agency that will govern the domestic crypto sector in the wake of what it calls the “Terra (LUNAC) incident.”
As reported in late May, the body has been tentatively named the Digital Assets Committee (literal...
South Korean authorities raid 15 entities linked to Terra collapse: Report
20.7.2022
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday
S Korean Prosecutors Raid 15 Addresses, Including Major Crypto Exchanges, as Part of Terra Probe
20.7.2022
South Korean prosecutors have raided 15 locations in Seoul as part of their ongoing probe into the “Terra (LUNAC) incident” – and have seized documents and data from at least seven crypto exchanges, including the market-leading platforms Upbit and Bithumb....
Read More: S Korean Prosecutors Raid...
Prosecutors Raid 7 Korean Exchanges Amid Terra Probe: Report
20.7.2022
Prosecutors in South Korea raided seven local exchanges including Bithumb and Upbit on Wednesday as it continues to prob the Terraform Labs implosion
US Justice Department Seizes $500K in Ransom Payments and Crypto From North Korean Hackers
19.7.2022
Deputy Attorney General Lisa Monaco said the FBI has identified a new type of ransomware used by the state-sponsored hackers
South Korean Regulators Close the Net on Opportunistic Kimchi Premium Traders
19.7.2022
A South Korean financial regulator is set to go on the warpath in search of kimchi premium traders – and is vowing to bring suspected offenders to justice.
As previously reported, the kimchi premium is a phenomenon in the crypto trading markets whereby bitcoin (BTC) and altcoins trade on domestic...
KEB Hana, A South Korean Bank, Expands to the Sandbox
18.7.2022
KEB Hana has entered into the virtual space of The Sandbox as a part of its global virtual expansion. KEB Hana is a South Korean bank that will now offer its services in the metaverse by opening a branch. Users can access the virtual brand of the South Korean bank and avail of the basic …
Prosecution ‘Investigating Still-Extant South Korean Terraform Subsidiary’, Exchanges Make Self-regulation Proposal
15.7.2022
South Korean prosecutors have reportedly uncovered evidence of an obscure Terraform Labs subsidiary that appears to exist only “on paper.”
Terraform, the company behind the LUNAC token, the UST stablecoin, and the new LUNA coin, shuttered its South Korean businesses back in April. But per...
Korean fintech giant plans to create 10K Web3 jobs amid bear market
12.7.2022
Dunamu would open offices in major cities and create about 500 new startups focused on NFTs and the Metaverse
‘Nobody is holding them back’ — North Korean cyber-attack threat rises
12.7.2022
"Even though the tradecraft is not perfect right now… it's still a fresh market for North Korea," says former CIA analyst Soo Kim
Major South Korean telecom company plans launch of blockchain wallet for crypto and NFTs
11.7.2022
In 2020, the company also launched a wallet for blockchain-powered digital certificate storage aimed at addressing certifications amid the COVID-19 pandemic
US and South Korea to Share Data on Crypto Cases, Including LUNA and UST Meltdown: Report
8.7.2022
The U.S. and South Korean governments have reportedly agreed to share data on ongoing crypto cases, including the case surrounding Terraform Labs CEO Do Kwon and the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). U.S. and South Korea to Share Data on Crypto Investigations...