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S Korean Police Raid Plastic Surgery, Identify Suspects in ‘Crypto Murder’ Case – Here’s the Latest
5.4.2023
South Korean police have raided a plastic surgery clinic in connection with the suspected crypto-motivated kidnap and murder of a 48-year-old woman.
The woman’s body was found late last month in a case that has dominated headlines in the country. Three men were captured on video apparently...
Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder
5.4.2023
Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South...
North Korean Hackers Target Cryptocurrency Firms in Massive 3CX Supply Chain Hack – Here's What Happened
4.4.2023
Russian cybersecurity firm Kaspersky has warned of a new form of attack on cryptocurrency firms, which it says is carried out with "surgical precision" by hackers using corrupted software.
Kaspersky's research identified several crypto-focused companies as victims of the 3CX software supply-chain...
South Korean Traders Are Jumping on SXP, ICX Tokens
4.4.2023
Trading volumes and prices for the two tokens have surged in the past few days on local exchanges
South Korean authorities seize $160M in assets tied to Terra employees: Report
3.4.2023
Prosecutors reportedly took control of houses and properties in an attempt to prevent former Terra employees from disposing of assets potentially connected to criminal proceedings
Alchemy Pay Raises $10M at $400M to Push South Korean Expansion Plans
3.4.2023
The funding came from DWF Labs making its eighth investment of $10 million or more in the last six weeks
South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin
1.4.2023
A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna cryptocurrency before it collapsed. Seoul Court Leaves...
Report: South Korean National Assembly to Pass Digital Asset Law in April
31.3.2023
After several failed attempts in the past, the South Korean National Assembly is now expected to pass its digital asset market regulation in April, a report has said. Kim Hee-gon, a member of the Political Affairs Committee’s first subcommittee, said the prospects of this happening were bolstered...
Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition
30.3.2023
Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before he is extradited from the Balkan nation,...
XRP Trading Volumes Surges to Billions of Dollars on South Korean Crypto Exchanges
30.3.2023
XRP trading made up nearly 50% of all volumes on Korbit, a prominent local exchange
New Report Exposes How North Korean Hackers Use Cloud Computing to Launder Crypto Loot – Should You Be Worried?
29.3.2023
North Korean hackers are renting cloud-based mining services to launder their stolen crypto funds amid the recent clampdown on crypto mixing services.
According to a report by Google-owned cybersecurity firm Mandiant, Pyongyang-based hacking group APT43, also known as Kimuski, buys cloud mining...
North Korean hackers using stolen crypto to mine more crypto via cloud services: Report
28.3.2023
Cybersecurity firm Mandiant has “graduated” a new group of hackers who finance state goals and their own existence with the help of crypto laundering
Do Kwon’s Extradition Likely to Take Time, Montenegrin Prosecutor Says
28.3.2023
A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon. The law enforcement official told South Korean media that Montenegrin authorities intend to indict Kwon within a month, ruling out the possibility...
South Korean Prosecutors Make Fresh Bid to Arrest Terraform Co-founder Daniel Shin
28.3.2023
South Korean prosecutors hope to arrest Daniel Shin, the Co-founder of Terraform Labs – after officers raided his company Chai Corporation. Meanwhile, evidence appears to show that Do Kwon, the Terraform CEO, established a company in Serbia during his 11-month flight from the prosecution....
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Terraform Labs CEO Do Kwon Faces Extradition to South Korea
24.3.2023
According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea....
Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister
23.3.2023
According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his identity” after Montenegrin police detained...
S. Korean Gaming Giant Nexon to Use Polygon for Popular MapleStory Universe
22.3.2023
MapleStory Universe will launch a private Supernet on Polygon for the new game
South Korean Regulator ‘Not Meeting SEC to Talk About Crypto’s Securities Status’
21.3.2023
A top South Korean financial regulator has denied reports claiming it is set to cooperate with the United States on efforts to classify certain cryptoassets as securities.
Per Hanguk Kyungjae, the South Korean Financial Supervisory Service (FSS) stated that reports that it was planning to meet...
Euler Finance hacker sends 100 ETH to red-flagged North Korean address
19.3.2023
While Chainalysis suspected the involvement of North Korea in the Euler Finance hack, they highlighted the possibility of misdirection by other hackers
Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business
18.3.2023
The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international...