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Number of South Korean 20- and 30-something Crypto Buyers Has ‘Nearly Tripled’ Since 2020
13.9.2022
More young South Koreans than ever are buying crypto, with the number of 20- and 30-somethings taking the plunge tripling since 2020. But this rise in bullish buying behavior has come at a price – with a sharp rise in youth bankruptcy claims reported over the same period....
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South Korea Has Tracked USD 1bn Worth of Fraudulent Crypto Transactions This Year
12.9.2022
A staggering USD 1 billion worth of fraudulent crypto-related transactions has been identified in South Korea in the first half of 2022, new data shows.
According to Asia Kyungjae, the figures were compiled by the Korea Customs Service and made public by the lawmaker Kang Byung-won.
The data...
Bitcoin-powered Darkweb Drug Dealers Handed Jail Time in South Korea
9.9.2022
Drug traders who exchanged narcotics for bitcoin (BTC) using darkweb portals have been handed jail time and suspended sentences as South Korean courts following scores of arrests made earlier this month....
Read More: Bitcoin-powered Darkweb Drug Dealers Handed Jail Time in South Korea
Ethlot.me Ethereum Mining ‘Scam Mastermind’ Flees South Korea for the Philippines
9.9.2022
The alleged leader of what police believe to be a ethereum (ETH) mining scam masquerading as a bona fide “pool” has fled abroad....
Read More: Ethlot.me Ethereum Mining ‘Scam Mastermind’ Flees South Korea for the Philippines
US Seizes Cryptocurrency Worth $30 Million From North Korean Hackers
9.9.2022
Blockchain data analytics firm Chainalysis has revealed that U.S. authorities have seized cryptocurrency worth $30 million from North Korean hackers. “This marks the first time ever that cryptocurrency stolen by a North Korean hacking group has been seized, and we’re confident...
Investor Sues Korean Crypto Exchange for Delaying Coin Transfer Before Luna Crash
8.9.2022
A cryptocurrency investor has reportedly sued South Korean crypto exchange Upbit after the trading platform delayed processing his luna coin transfer prior to its crash. The Korean crypto exchange is investigating the details of the lawsuit. Upbit Sued by Crypto Investor Dunamu Inc., the company...
South Korea Is Gearing Up to Institutionalize Security Tokens
7.9.2022
The country's financial regulators plan to publish guidelines for security token issuance and distribution towards the end of 2022
South Korean regulators to prepare guidelines for security tokens in 2022
7.9.2022
South Korea will get a separate security tokens market operated by Korea Exchange
World Vision Becomes First South Korean Charity to Accept Crypto
6.9.2022
\The South Korean arm of the charitable organization World Vision has announced that it will accept donations made in cryptoassets – a first for a South Korean NGO.
Per the media outlet EDaily, as well as Maeil Kyungjae, the charity has signed a “blockchain cooperation deal” with a startup named...
Renault Inks Partnership With The Sandbox to Bring Automotive Experiences to the Metaverse
6.9.2022
The Korean subsidiary of Renault, a historic brand in the automotive industry, is establishing a partnership with The Sandbox, an Ethereum-based metaverse platform, to enter the metaverse space. With this partnership, Renault Korea’s objective is to establish its brand presence in...
The Sandbox Collaborates With Renault Korea
6.9.2022
The Sandbox, together with Renault Korea Motors, which happens to be a subsidiary of the French automobile manufacturing industry, Renault SA, in South Korea, have come together in a mutually beneficial partnership to take digital automotive experiences in the metaverse to the very next level. This...
Mysterious Elon Musk-themed Crypto Hackers Take Over S Korean Gov’t YouTube Channels
5.9.2022
Multiple South Korean government-run YouTube channels have been hacked by what, at first glance, appear to be crypto scam operators....
Read More: Mysterious Elon Musk-themed Crypto Hackers Take Over S Korean Gov’t YouTube Channels
Elon Musk-crypto video played on S. Korean govt's hacked YouTube channel
4.9.2022
The hacked YouTube account was restored within four hours following a proactive intervention from the South Korean government, confirmed a local news agency
South Korean Government’s Youtube Channel Hacked to Play Crypto Video With Elon Musk
4.9.2022
The official Youtube channel of the South Korean government has been hacked on Saturday and those who did it, broadcasted a cryptocurrency-related clip. The video also featured billionaire and crypto enthusiast Elon Musk, local media reported quoting sources in Seoul. Hackers Air Interview With...
South Korea expands its efforts to regulate Metaverse
2.9.2022
The country has been very active in the Metaverse development since the beginning of 2022, teasing large investments and a regulatory framework
South Korean authorities arrest 16 individuals connected to $2B crypto forex transactions: Report
31.8.2022
More than $283 million of the $2 billion in crypto transactions were reportedly facilitated through illegal remittance agencies
Sixteen Arrested in South Korea for Illegal Crypto Trading Activities: Report
31.8.2022
South Korean customs authorities on Tuesday arrested 16 people involved in illegal foregin exchange transactions, according to a report by local outlet Newsis
16 Arrested in South Korea over Suspected Crypto Kimchi Premium Trading Violations
31.8.2022
South Korean authorities have swooped on suspected kimchi premium traders – making 16 arrests linked to some USD 1.4bn worth of crypto transactions....
Read More: 16 Arrested in South Korea over Suspected Crypto Kimchi Premium Trading Violations
Singapore court rules in favor of Bithumb founder in acquisition case
31.8.2022
The decision on the civil lawsuit might affect a trial court in South Korea
Busan City announces FTX partnership to build local exchange
31.8.2022
South Korea's 'Blockchain' city of Busan continues to establish partnerships to foster the growth of the cryptocurrency industry