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South Korean prosecutors request arrest warrant for Bithumb owner: Report
25.1.2023
One of the country’s largest crypto exchanges has fallen under investigators’ scrutiny over allegations of embezzlement by company executives
FBI Says North Korea Was Behind $100m Harmony Horizon Bridge Hack
24.1.2023
The United States Federal Bureau of Investigation (FBI) has blamed North Korean hackers for the attack last year on the cross-chain bridge provider Harmony. The Harmony Horizon bridge was compromised in June 2022, with hackers making off with $100 million worth of crypto.
The FBI, Reuters...
North Korea's Lazarus Group masterminded $100M Harmony hack: FBI confirms
24.1.2023
The FBI also confirmed earlier reports this month by figures such as ZachXBT that the hackers had started moving a large chunk of the funds around via privacy protocols
City of Busan to establish digital assets exchange: Report
19.1.2023
The Busan Digital Asset Exchange Establishment Promotion Committee said it plans to create a functional exchange by the end of the year
‘$3.2bn’ Kimchi Premium Traders to Stand Trial in South Korea
19.1.2023
South Korean prosecutors are continuing to wage war against illegal kimchi premium traders – and will seek to convict 20 people for allegedly conducting $3.2 billion worth of illegal crypto transactions.
The kimchi premium is a phenomenon whereby increased trading volumes on South Korean crypto...
South Korea to Regularly Inspect Crypto Risks With New Monitoring Tools
19.1.2023
South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is still low, the risks posed by crypto to the country’s financial stability could increase...
South Korea Launches Metaverse Replica of Seoul
17.1.2023
As part of a three-year effort to expand its public services, Metaverse Seoul will allow users to take their avatars to tax offices, access youth counseling and read e-books
Lazarus Group's Stolen 41,000 ETH from Harmony Bridge Hack is on The Move
17.1.2023
A whopping 41,000 ETH stolen by the North Korean hackers Lazarus Group are currently being deposited on crypto exchanges.
According to an analysis of the token movements shared online, the ETH was sent through the anonymity system Railgun before being consolidated in wallets and sent to three...
Multiple South Korean Firms Reportedly ‘Preparing Security Token Offering Platforms’
17.1.2023
A number of South Korean firms are preparing to launch security token offering (STO)-related services this year. And they are hopeful that regulators will give them the green light to get started this month.
Busan Ilbo reported that a number of major domestic companies are now keenly awaiting...
Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
16.1.2023
While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia
Seoul government opens city's metaverse project to public
16.1.2023
According to Seoul Mayor Oh Se-hoon, the virtual environment will allow residents to access official documents, file complaints, and receive answers to questions on filing taxes
Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges
16.1.2023
On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates....
Bithumb ordered to pay outage damages to investors by South Korean court
16.1.2023
A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange
Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage
16.1.2023
South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb...
Today in Crypto: Digital Assets Subcommittee in the US, Iran's and Russia's Gold-Backed Stablecoin, UK Sentences Four to 15 Years in Prison
16.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Digital Assets Subcommittee in the US, Iran's and Russia's Gold-Backed Stablecoin, UK Sentences Four to...
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...
South Korean Software Giant AhnLab Unveils Crypto Wallet
12.1.2023
The South Korean software giant AhnLab has released a crypto wallet – becoming the latest in a long line of the country’s IT players to move into the space.
Per iNews24, AhnLab, the largest computer security company in South Korea and the brainchild of the tech entrepreneur and presidential...
This Warzone TikTok Shows Why DMZ Is So Amazing In Less Than A Minute
11.1.2023
Last year I described Call of Duty: Warzone’s newest Tarkov-inspired mode, DMZ, as capable of “emergent moments of thrilling FPS gameplay—the kind I’d expect from a [...] single-player campaign, but without any of the narrative wrapping.” Now a TikTok video doing the rounds is demonstrating this...
Today in Crypto: Coinbase to Close Down Most Japanese Operations, Voyager Granted Initial Approval to Sell Assets to Binance.US, Ledger Integrates 'Cometh Battle' Card Game
11.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Coinbase to Close Down Most Japanese Operations, Voyager Granted Initial Approval to Sell Assets...
Huobi clarifies Korean operations: Two separate entities aiming at same market
11.1.2023
The company confirmed that it has already broken all the ties with Huobi Korea, its former subsidiary in South Korea