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North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils
8.2.2023
The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for crypto theft, to be blamed on the hermit state....
South Korean Officials Traveled to Serbia to Locate Terra's Do Kwon
7.2.2023
A group of South Korean officials has traveled to Serbia in a bid to locate Do Kwon, the co-founder of Singapore-based Terraform Labs, the parent company of crashed stablecoin TerraUSD.
According to a Tuesday report by Bloomberg, a team of South Korean officials went to Serbia last week to seek...
Report: Korean Regulator Approves Issuance and Distribution of Security Tokens
7.2.2023
South Korea’s Financial Services Commission (FSC) has reportedly said that Korean investors will soon be able to easily invest and trade security tokens or fractionalized assets. According to the FSC’s Lee Su-young, security token investors are expected to get the same protection that...
South Korean CEO Jailed for ‘Misappropriating’ Partner Firm’s Ethereum Funds
7.2.2023
A South Korean CEO has been sentenced to five years in prison for “misappropriating” $2.4m worth of ethereum (ETH) from a partner company.
Per the media outlet Delight, the 43-year-old man, identified only by his surname (Chae), is the head of a “marketing agency” that deals with crypto funds....
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...
South Korean regulator provides guidance on security tokens
6.2.2023
Digital assets that fit the descriptions for security tokens will be regulated under the country's Capital Markets Act
Samsung Is Preparing Its Own Metaverse Hardware in Partnership With Google and Qualcomm
4.2.2023
Samsung, the Korean electronics company, has revealed it is working to build its own metaverse and extended reality devices, hinting at the possibility of the launch of a VR headset in the near future. TM Roh, head of Samsung mobile experiences business, stated that the device will be built...
Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax
4.2.2023
Binance has returned to the South Korean cryptocurrency market after two years with a “meaningful” investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis Global. Binance...
North Korean Defectors, Libyans Indicted for ‘Kimchi Premium’ Crypto Trading
3.2.2023
South Korean prosecutors have arrested a group of foreign nationals – comprising North Korean defectors and at least one Libyan national – over suspected “kimchi premium”-type crypto trading offenses.
Per Yonhap, prosecutors have charged and detained three individuals, including a 44-year-old...
Former Chairman of South Korean Crypto Exchange Bithumb Arrested: Report
2.2.2023
Kang Jong-hyun, a former chairman at South Koean cryptocurrency exchange Bithumb has been arrested on Thursday
South Korean Prosecutors Arrest Executive Linked to Crypto Exchange Bithumb: Report
2.2.2023
Kang Jong-hyun, a former chairman at South Koean cryptocurrency exchange Bithumb has been arrested on Thursday
S Korean Crackdown Has Not Dampened Youth’s Thirst for Bitcoin-powered Drug Dealing
1.2.2023
Crypto-powered drug trading is still booming in South Korea – and a recent police crackdown on online bitcoin (BTC) and altcoin drug deals has done little to dampen the demand for web-traded narcotics.
Per Kuki News, Twitter and Telegram are still rife with posts from South Korean drug dealers...
South Korean Regulators Set to Carry out ‘Regular’ Crypto Firm Probes
31.1.2023
South Korean financial regulators will start conducting “regular” on-site inspections at domestic crypto firms this year. And they say they will investigate not only exchanges, but also wallet operators and crypto custody-related firms.
The announcement was made by the top financial regulator,...
S Korean Police Probe Possible $8m Crypto Scam Targeting Investors Who’d Suffered Losses
31.1.2023
South Korean police are probing a possible $8m crypto scam – after a group of 40 alleged victims complained they were tricked into buying a potentially worthless or non-existent cryptoasset....
Read More: S Korean Police Probe Possible $8m Crypto Scam Targeting Investors Who’d Suffered Losses
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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