Search
Today in Crypto: Do Kwon Converted Millions in Illicit Funds to BTC, Robinhood to Pay $10.2M in Penalties, Mt Gox Creditors Repayment Window Now Open
7.4.2023
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: Do Kwon Converted Millions in Illicit Funds to BTC, Robinhood to Pay $10.2M in Penalties, Mt Gox Creditors...
South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders
7.4.2023
According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash was transferred to an international exchange....
Do Kwon's Millions Are Not in South Korea, Prosecutors Say: Report
7.4.2023
South Korea requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro
Do Kwon converted stolen funds from Luna to Bitcoin: S.Korean prosecutors
7.4.2023
South Korean prosecutors have reached out to Binance to request a halt on any withdrawal linked to Do Kwon
Spate of “Free NFTs” Scams Blights South Korea
6.4.2023
South Koreans are under attack from non-fungible token (NFT) scammers who pose as bona fide project operators to drain crypto from their victims.
Yonhap reported that “phishing emails” that “steal cryptoassets” from their victims are “being distributed on a large scale,” per a warning from...
South African Professor Accuses US Regulators of Attempting to ‘Assassinate Crypto’
6.4.2023
The United States’ attempts to “assassinate crypto” are illegal and unlikely to succeed because “crypto is global,” Steven Boykey Sidley, a South African professor and author, has argued. According to Sidley, many formerly U.S.-based companies and innovators have...
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...
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
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...
India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar
3.4.2023
The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries...
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...
BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion
31.3.2023
BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to...
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...
Russia talks up prospects of BRICS countries developing new currency
31.3.2023
A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency
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,...