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South Korea to Roll out Digital IDs as Banks Push Blockchain Driver’s Licenses
19.10.2022
South Korea may soon do away with plastic – and ditch physical forms of ID in favor of blockchain technology-powered alternatives....
Read More: South Korea to Roll out Digital IDs as Banks Push Blockchain Driver’s Licenses
South Korean Police Have Seized $1.3m in Crypto in 2022, Critics Say It’s Not Enough
19.10.2022
South Korean police have seized $1.3 million worth of crypto in criminal investigations so far this year, official numbers have revealed.
According to Segye Ilbo, the figure is just a small fraction (1.4%) of the total $92 million worth of assets seized by officers in criminal...
S Korean Nat’l Broadcaster Exec Received Crypto from Head of Pyongyang-linked Body
18.10.2022
An executive news director at the national South Korean broadcaster KBS received “crypto” from a figure at the head of an organization with alleged ties to North Korea, an official audit has revealed....
Read More: S Korean Nat’l Broadcaster Exec Received Crypto from Head of Pyongyang-linked Body
Angry Crypto Exchange Customers Will Get Compensation – If They Can Prove One Thing
18.10.2022
The South Korean market-leading crypto exchange Upbit has announced that it will compensate traders who lost money during the power outage that blighted the platform’s login functionality over the weekend – but only if they can prove they were really going to sell their coins during...
Japan’s Police and FSA Publish a Joint Cyber Warning to Crypto Firms, Link Attacks to Lazarus Group
18.10.2022
According to the National Police Agency (NPA) in Japan, North Korean hackers from the crime syndicate Lazarus Group have been targeting crypto companies in the country. Local reports detail that it’s the fifth time the NPA has tied “public attribution” to the organization of North Korean cyber...
South Korean Prosecutors Say They Want to Buy New Crypto-tracking Tools
17.10.2022
Prosecutors in South Korea say they will spend money on crypto tracking tools – and have claimed that they will use these innovative solutions to crack down on money-laundering, crypto-powered drug deals, and kimchi premium trading.
According to Kookmin Ilbo, the Supreme Prosecutors’ Office of...
Japanese Crypto Exchanges Targeted by North Korean Hackers
17.10.2022
The notorious North Korean hacker group Lazarus is targeting Japanese cryptoasset companies, and some of these companies already saw their crypto stolen, according to The JapanNews, citing the National Police Agency (NPA)....
Read More: Japanese Crypto Exchanges Targeted by North Korean Hackers
Koreans to have access to blockchain-powered digital IDs by 2024
17.10.2022
Under the plan, the blockchain-powered ID would be fully decentralized, meaning the government won't be able to see how or when the ID is being used
North Korea’s Lazarus behind years of crypto hacks in Japan: Police
17.10.2022
According to the Japan Government, a common mode of attack for the Lazarus Group was phishing, who are believed to have focused more on crypto funds lately because they’re “managed more loosely.”
South Korea’s Biggest Exchanges Pen Crypto Crime-fighting Deal with Police
14.10.2022
The five biggest crypto exchanges in South Korea have signed a “crypto crime-fighting” MOU deal with the nation’s police force – and will work with officers fighting crypto-powered money launderers and crypto scam artists.
According to Fn News, the exchanges – the market-leading Upbit and Bithumb...
Crypto Hacks Fuel Memes of North Korea: Blockchain’s Biggest Baddie
12.10.2022
Seemingly every week in crypto yields another multimillion-dollar hack or exploit – and with it, reams of memes about North Korea, the supposed culprit
Employee Who Stole $2.8m from Company to Buy Crypto Gets 5-year Jail Term
12.10.2022
A South Korean company employee whole stole over $2.8 million worth of his firm’s money to buy crypto has been handed a five-year prison sentence....
Read More: Employee Who Stole $2.8m from Company to Buy Crypto Gets 5-year Jail Term
North Korea ‘Funding Weapons Programs’ with Vast Cache of ‘Stolen Crypto’
10.10.2022
International investigators claim that North Korea stole “hundreds of millions of dollars worth of cryptoassets” to pay for its nuclear weapons programs” – while a row has broken out in South Korean political circles over politicians’ alleged ties to the crypto developer Virgil Griffith....
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South Korean judge dismisses warrant for individual involved in Terra collapse: Report
6.10.2022
In his decision to dismiss the warrant, the judge reportedly considered that Yoo Mo had a residence and family ties in South Korea and was already barred from leaving the country
Judge Dismisses Arrest Warrant for Terra's Head of General Affairs Yu: Report
6.10.2022
The arrest comes after the country invalidated Terra co-founder Do Kwon's passport
South Korean foreign ministry orders Do Kwon to return his passport
6.10.2022
Do Kwon who has an Interpol notice and an arrest warrant against his name has not been cooperative with the investigation agencies
Korean police reportedly arrest first person involved in Terra collapse
6.10.2022
The head of the business team of Terraform Labs was a part of Do Kwon’s inner circle
South Korea Reportedly Freezes Do Kwon’s Crypto Worth $40M — Luna Founder Says the Funds Are Not His
6.10.2022
South Korean authorities have reportedly frozen $40 million in crypto assets, including bitcoin, allegedly belonging to Luna founder Do Kwon. However, Kwon denied that any funds of his have been frozen. “I don’t even use Kucoin and Okex, have no time to trade, no funds have been...
Terra Founder Do Kwon's Passport 'Invalidated,' S. Korea Says
6.10.2022
The South Korean Ministry of Foreign Affairs posted a public notice on its website Wednesday announcing it would invalidate Terra creator Do Kwon's passport
Law Decoded, Sept. 26–Oct. 3: New episode of Do Kwon saga
4.10.2022
Terra’s co-founder continues his adventures, writing code in his living room, posting on Twitter and hiding from Interpol all at once