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Nalezeno "Korean Crypto": 286

Authorities order South Korean crypto platforms to maintain reserves

28.8.2023
Crypto exchange platforms in South Korea have been instructed by relevant authorities to maintain reserves with Korean banks. This pertains to the intention of the government to protect those who are venturing out on the path to build a portfolio with digital tokens. Per the instructions, crypto...

South Korean Crypto Exchanges Mandated to Maintain Reserve Funds of $2.3 Million

28.8.2023
South Korean cryptocurrency exchanges will be required to maintain a reserve fund of at least 3 billion won (approximately $2.3 million) in designated bank accounts starting September. The new regulations for crypto exchanges are aimed at enhancing user protection in the event of unforeseen...

South Korean Crypto Murder Case Takes New Twist – Suspect: ‘My Confession Was False’

25.8.2023
A bizarre South Korean crypto-related murder case has taken a new twist, with one of the chief suspects telling a court his initial confession was “false.” The case revolves around a woman who was apparently abducted from a busy street in Seoul’s affluent Gangnam District in March this year. The...

Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

28.7.2023
According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency...

Crypto lender Delio warns normal operations in jeopardy after asset seizures

24.7.2023
The South Korean crypto lender has had to halt certain interest payments amid a recent investigation resulting in the company and its customers' assets being seized

Regulatory Investigation Targets South Korean Crypto Lender Delio

3.7.2023
South Korea-based Delio is currently under scrutiny as the country's Financial Services Commission (FSC) investigates the crypto lending firm for alleged fraud, embezzlement, and breach of trust. According to reports from local news outlet Digital Asset, the investigation sprouts from Delio's...

South Korean crypto lending firm Delio under investigation by regulators

30.6.2023
The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month

South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report

22.6.2023
Earlier this month, Haru Invest halted withdrawals and deposits

Korean crypto contagion, Bank of China on Ethereum, HK’s exchange red carpet: Asia Express

16.6.2023
Hong Kong lays out welcome mat for exchanges, Korean crypto lender contagion, Do Kwon banged up abroad, Bank of China’s Ethereum debt note

S Korean Crypto Lender Delio Suspends Withdrawals – What Do We Know?

15.6.2023
The South Korean crypto lending platform Delio says it is “temporarily” suspending deposits and withdrawals, as financial regulators say they are “investigating” the situation. The platform is a crypto lending service and wallet, which holds an official virtual asset service provider (VASP)...

South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits

13.6.2023
The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update

North Korean ‘Crypto Hackers Targeted S Korean Ministers’ – What Do We Know?

8.6.2023
North Korean crypto hackers “targeted South Korean ministers” in a campaign last year, Seoul-based police officials have claimed. According to Dong-a Ilbo, police officials took control of a server they claimed was used during the attempted attacks. And officers said they had “found...

Korean crypto executives allegedly profited $2.3M from coin listing scandal

22.5.2023
Projects were allegedly swayed into signing contracts with dubious market makers as consideration for listing on crypto exchange Coinone

Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings

17.5.2023
South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean...

Japan leads world in losses from North Korean crypto hacking with 30% of total: Report

15.5.2023
An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hacker and ransomware users; lax security played a role

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...

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...