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South Korea Stunned by ‘Crypto-motivated’ Murder – Is Crypto Crime on the Rise?
3.4.2023
South Korea has been rocked by the apparent kidnap and murder of a 48-year-old woman in Gangnam, Seoul – a crime that seems to have been motivated by crypto. Four suspects have been arrested.
The alleged crime was caught on camera and shared in news reports, such as the video below – a report from...
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...
Terra co-founder Do Kwon's jail time in Montenegro will be harsh: Report
30.3.2023
Now in custody in Montenegro, Do Kwon could be facing "at least a year" behind bars as the country considers extradition requests, according to one criminal defense lawyer
US or South Korea: Terraform Labs Co-Founder Do Kwon Extradition Fate to Be Decided by Judge
30.3.2023
A judge will decide whether Do Kwon will be extradited to the United States or South Korea, Montenegro’s justice minister, Marko Kovac, reportedly said.
“Consideration will be given to the gravity of crimes, location of committed offenses, sequence of requests, as well as citizenship” of...
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,...
US and South Korea request extradition of Terra co-founder Do Kwon
29.3.2023
Do Kwon may have to serve time in Montenegro if convicted of charges related to forged identification documents before any extradition to the U.S. or South Korea is granted
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...
Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says
29.3.2023
Marko Kovac said the Terraform Lab founder's extradition proceedings would follow a criminal case for ID document forgery
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
North Korea Hackers Likely Exploit Cloud Mining to Launder Stolen Crypto, Research Shows
28.3.2023
The APT43 group steals crypto to fund operations and launders it through cloud mining services
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 co-founder on S.Korea crosshair following Do Kwon arrest
27.3.2023
Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse
PC Game Accused Of 'Asset Theft' Removed From Steam
27.3.2023
The controversy surrounding Dark and Darker, an MMO that stands accused of stealing not just assets but also staff from Korean publishers Nexon, escalated over the weekend when the game was delisted from Steam.Read more
Do Kwon to reportedly appeal against court’s decision to extend detention
26.3.2023
A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for 30 days longer than usual
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....
Filip Adzic confirms the arrest warrant of South Korea’s Kwon Do-Huing for $40 billion Fraud
24.3.2023
Filip Adzic, Minister of Interior of Montenegro, announced that the South Korean citizen Kwon Do-Huing, also known as the King of Cryptocurrencies, was detained at the Podgorica airport, Montenegro, on 23 March 2023. The announcement states South Korea has issued a warrant for the criminal...
Hacker vs Hacker: North Koreans Attempt to Phish Euler Exploiter of $200M in Crypto, Experts Say
22.3.2023
The wallet that stole $200 million in crypto from DeFi protocol Euler Finance was the target of an apparent phishing campaign from North Korean hackers, according to analysts
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...
Bithumb Exec Suspected of Taking Bribe in Exchange for Token Listing
20.3.2023
An official from the South Korean crypto exchange Bithumb is under investigation – on suspicion of taking bribes in exchange for facilitating a coin listing.
Per Chosun Ilbo, the allegations surround an individual surnamed Lee (first name undisclosed for legal reasons). Lee was described as...