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South Korean ‘Crypto Drug-trading Teens’ Jailed
18.4.2023
A “continuous” flow of South Korean teens is being given jail time as law enforcers continue a crackdown on crypto-powered drug trading.
Kyungnam Shinmun reported that courts in the southern city of Changwon are now “sentencing teens and people in their twenties to imprisonment, one after...
Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report
17.4.2023
South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall
Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils
16.4.2023
Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent...
As Justice is Sought for Do Kwon, South Korea’s Crypto Scene Emerges From Terra Luna’s Shadow
13.4.2023
The collapse of Terra continues to reverberate in Do Kwon’s homeland, but there are signs of progress, CoinDesk’s Emily Parker reports
Korean ‘Crypto Murder’ Case: Couple Paid ‘Killer’ – Here’s What We Know
13.4.2023
A couple at center of a crypto murder-kidnap case that has rocked South Korea have reportedly confirmed that they gave money to the suspected killer of a 48-year-old woman.
Police have thus far arrested and charged seven people after the woman’s body was found late last month abandoned near a...
Terra Founder Do Kwon’s Crypto Stash Under Threat as S Korean Prosecutors Make Move
12.4.2023
South Korean prosecution officials want to freeze crypto holdings and cash belonging to the Terraform Labs founder Do Kwon, and have asked a court to help them freeze funds located in Switzerland and elsewhere.
Per the newspaper The Joongang, prosecutors are “proceeding with the process of tying...
Employees of South Korean Crypto Exchange Coinone Arrested: Report
11.4.2023
Seoul Southern District Court Chief Judge Kim Ji-Sook issued a warrant for the arrests on Monday, saying "There is concern about escaping."
S. Korean Crypto Exchange Gdac Hacked for Nearly $13M
10.4.2023
The exchange said on Sunday hackers transferred the crypto assets from a hot wallet to an unidentified wallet
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...
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 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...
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...
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