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Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China
10.1.2023
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China....
South Korean regulators target Bithumb in new probe
10.1.2023
South Korean National Tax Service agency launches an investigation on Bithumb, according to local reports
Crypto Exchange Bithumb Hit With Tax Investigation, Prosecutors Grill ‘Major Shareholder’
10.1.2023
The South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities – with the exchange made the subject of a “special” tax investigation. And prosecutors have summoned its suspected largest shareholder for questioning.
Chosun reported that...
Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence
10.1.2023
According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strengthen its position” as a domestic cryptocurrency exchange and change its name. Huobi...
Huobi Korea seeks to split from parent company, change its name: Report
9.1.2023
Chairman Cho Kook-bong will also take over a majority of shares previously held by co-founder Leon Li
Today in Crypto: Traders at an Institutional Crypto Firm Targeted by Hackers Since July 2022, Huobi Korea to Reportedly Cut Ties with Huobi Global
9.1.2023
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: Traders at an Institutional Crypto Firm Targeted by Hackers Since July 2022, Huobi Korea to Reportedly...
North Korean Crypto Hacks to ‘Surge’ This Year, Say Experts
9.1.2023
A “surge” in North Korean crypto hacks is on its way in 2023, a security provider has claimed.
The South Korean media outlet Money S reported that Panda Security, a Spanish cybersecurity software firm, predicted a “surge in fraudulent activities” and attempts to “steal virtual assets” in the year...
LG Electronics Steps up Smart TV-Metaverse Drive
6.1.2023
The South Korean tech titan LG Electronics has announced that it will intensify its metaverse activities. And the firm claims that a new deal will allow it to bring Web3 and metaverse experiences to owners of its smart TVs.
The company, which made multiple metaverse-related pledges at the 2023...
Crypto Exchange Upbit Logo to Appear on Italian Soccer Club Napoli’s Jerseys
5.1.2023
Shirts worn by the players of the Italian soccer team Napoli will display the logo of cryptocurrency exchange Upbit. The arrangement is part of a sponsorship deal with Dunamu, the company that operates the coin trading platform, which is one of the largest in South Korea. Italian Serie A Leader...
South Korean Prosecutors Fail in Bid to Jail Ex Bithumb Boss
4.1.2023
South Korean prosecutors have been thwarted in their efforts to send the former head of the crypto exchange Bithumb to prison for eight years.
Per TVChosun, a branch of the Seoul Central District Court acquitted Lee Jung-hoon on fraud charges. Lee had been accused of wrongdoing in a case dating...
Executive Linked to Crypto Exchange Bithumb Found Dead Outside His Home: Report
4.1.2023
An executive of the largest shareholder of cryptocurrency exchange Bithumb was found dead outside his home. He allegedly committed suicide by jumping off a building while under investigation by Korean prosecutors for embezzlement and stock market manipulation. Executive Found Dead Amid...
Today in Crypto: Ukrainian Pharmacy Partners with Binance to Offer Crypto Payments, Sushi Shutting Down Two Products
3.1.2023
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: Ukrainian Pharmacy Partners with Binance to Offer Crypto Payments, Sushi Shutting Down Two Products
Ex-Bithumb Chairman Acquitted in South Korea $100M Crypto Exchange Fraud Trial: Report
3.1.2023
Prosecutors in South Korea were seeking an eight-year prison sentence for Lee Jung-hoon, who was acquitted in the first court hearing
Binance Reportedly Close to Sealing Deal for South Korean Exchange Gopax
3.1.2023
Binance is allegedly close to sealing a deal to buy a majority stake in the South Korean crypto exchange Gopax – per multiple domestic media reports. Outlets are claiming that the deal has been agreed in principle. But they note that a few final remaining legal and procedural hurdles still need...
Bithumb former chair Lee Jung-Hoon acquitted in the first instance
3.1.2023
The former chair was under allegations of $70 million in fraud charges which were said to have occurred during the acquisition of Bithumb
New year, same old troubles — The FTX saga continues in 2023: Law Decoded, Dec. 26-Jan. 2
2.1.2023
Having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023
South Korean Hacker Stole $6.7m from Dead CEO’s Crypto Wallets
29.12.2022
A South Korean hacker stole $6.7 million from crypto wallets belonging to the deceased CEO of a business empire that included the crypto exchanges Korbit and Bitstamp.
Yonhap reported that a branch of the District Court in Eastern Seoul sentenced an unnamed 39-year-old man to six years in prison...
Researchers: Trust Will Return to Crypto Markets in 2023 – For These Reasons
28.12.2022
Researchers at the South Korean crypto exchange Bithumb have predicted that trust will return to crypto markets next year – and have outlined three key reasons shaping their thinking.
The exchange is one of the two biggest in the nation, and operates a dedicated analysis and research department...
Kaspersky Report: North Korean Hackers Impersonating Crypto VCs in New Phishing Scam
28.12.2022
BlueNoroff, a subgroup of the North Korean state-sponsored hacking group Lazarus, is now impersonating venture capitalists looking to invest in crypto startups in a new phishing method. ...
Read More: Kaspersky Report: North Korean Hackers Impersonating Crypto VCs in New Phishing Scam
Executives from $1.5B South Korean crypto exchange fraud jailed
28.12.2022
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO, known as Mr. Lee was previously sentenced to a 22 year prison term