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Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund
3.12.2022
Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to...
South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon's former associates
2.12.2022
Judge Hong Jin-Pyo reportedly said there was little risk of Shin Hyun-seong or other Terra associates destroying evidence related to the case against the platform
South Korean Crypto Exchange CEO to Serve 25 Years in Jail After Appeal Fails
2.12.2022
The CEO of a South Korean crypto exchange who was found guilty of murdering his lover by stabbing her and pushing her out of a 19th-storey apartment window has had his appeal rejected – and will serve 25 years in prison....
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Hong Kong working on investor protection regulations, says central bank exec
2.12.2022
Hong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion
South Korean Police, Prosecutors Quadruple Spending on Crypto Monitoring Tools
1.12.2022
South Korean police and prosecutors have quadrupled the amount of money they are spending on crypto monitoring tools in the past 12 months.
Per Chosun Ilbo, law enforcers have spent some $2.4 million on crypto monitoring software and crypto-specific training for officers in the past year. Last...
Prosecutors Seek Arrest Warrant for Daniel Shin & Seven Other Terraform Players
30.11.2022
South Korean prosecutors have asked a court to issue an arrest warrant for the Terraform Labs Co-founder Daniel Shin (Korean name Shin Hyun-seong) – as well as a group of “early” Terra ecosystem “investors.”...
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South Korea issues arrest warrant for Do Kwon's former colleagues
30.11.2022
Arrest warrants were sought for Terraform Labs co-founder Daniel Shin, three investors and four engineers responsible for TerraUSD (UST) and LUNA initiatives
South Korea’s unique and amazing crypto universe
29.11.2022
South Korean University to Roll out Blockchain-powered ID Cards
29.11.2022
A South Korean university says that it has become the latest institution in the country to introduce blockchain-powered mobile phone-based student IDs.
Per Segye Ilbo, Jeonnam State University stated that its ID cards will use decentralized identity technology (DID). This is the same sort of...
S Korean Financial Regulator Says it Warned Terraform Co-founders of Danger Back in 2018
28.11.2022
South Korean financial regulators say they warned the Terraform Labs co-founders Do Kwon and Daniel Shin against launching their business back in 2018 – but were ignored....
Read More: S Korean Financial Regulator Says it Warned Terraform Co-founders of Danger Back in 2018
South Korean Man Who Bought Drugs with Bitcoin Given Jail Sentence
25.11.2022
A South Korean man was handed a host of punishments after a court found him guilty of buying narcotics online – using bitcoin (BTC).
News1 reported that the man, aged 43 but unnamed for legal reasons, was convicted by a branch of the Chuncheon District Court Criminal on charges of violating drug...
FTX collapse triggers second thoughts on Busan City's crypto exchange plans
23.11.2022
The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange
S Korean Regulators Draft New Crypto Laws – to Prevent More FTX and Terra ‘Incidents’
22.11.2022
Financial regulators in South Korea want to impose a raft of new crypto-related laws – in a direct response to the collapse of the FTX crypto exchange and the implosion of Terra ecosystem coins in May.
Thus far, most South Korean crypto exchanges have been left relatively unscathed by the...
South Korea, Singapore, Japan Top Countries Most Impacted by FTX Collapse: Report
22.11.2022
A new analysis shows that the countries most impacted by the collapse of cryptocurrency exchange FTX are South Korea, Singapore, and Japan. Moreover, Russia, Germany, Turkey, Taiwan, India, Egypt, and Brazil also made the top 10 list of countries most affected by the FTX meltdown. Countries Most...
The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21
21.11.2022
The founder of FTX provoked the withdrawal of his legal team and now faces the possibility of extradition to the United States
These Countries Were Hit The Hardest By the FTX Collapse – Find Out Why
21.11.2022
South Korea, Singapore, and Japan are the three countries most impacted by crypto exchange FTX's infamous implosion, with a combined 15.7% traffic share to FTX.com, said a report by Coingecko.
The methodology of the study, as explained by Julia Ng, who leads Growth Marketing & PR at CoinGecko...
‘High-ranking’ S Korean Civil Servant Caught Trading DOGE During Key Meeting
21.11.2022
A “high-ranking” South Korean civil servant has been caught buying Dogecoin (DOGE) on his cell phone – in the middle of an important local government meeting.
Reporters from the media outlet News1 snapped a photo of the official – a senior auditor in the affluent Gyeonggi Province. The auditor...
South Korea investigates crypto exchanges for listing native tokens
20.11.2022
Initial investigations revealed that all crypto exchanges performed lawful operations across South Korea. However, Flata Exchange is suspected of listing its in-house token, FLAT, in January 2020
South Korea Freezes $104 Million in Assets Belonging to Terra Co-Founder
20.11.2022
South Korea’s prosecutors have reportedly obtained a court order to freeze assets worth about $104 million belonging to Terraform Labs co-founder Daniel Shin. The authorities allege that he unfairly profited from selling cryptocurrency LUNA at high prices before the token crashed. Shin...
South Korean Authorities Seize $100 Million From Terra Luna Co-Founder
19.11.2022
South Korean officials have confiscated over $100 million worth of funds belonging to Terraform Labs co-founder Shin Hyun-Seong (Daniel Shin).
According to a Thursday report by South Korean local publication YTN, a South Korean court authorized the confiscation of 140 billion won ($104 million)...