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Montenegro Court Blocks Do Kwon’s Extradition to South Korea
24.5.2024
A Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the company’s collapse, which caused a $40 billion loss and impacted global crypto markets. Both South Korea and...
South Korean Police Arrest 19 in ‘Reading Room’ Crypto Fraud Bust
24.5.2024
South Korean police have arrested 19 people on fraud charges in a swoop on a social media “crypto reading room.”
The post South Korean Police Arrest 19 in ‘Reading Room’ Crypto Fraud Bust appeared first on Cryptonews
South Korean Police Arrest 28 in Raid on ‘Crypto Investment Fraud Ring’
23.5.2024
South Korean police officers have arrested 28 people they suspected of orchestrating a crypto investment fraud ring.
The post South Korean Police Arrest 28 in Raid on ‘Crypto Investment Fraud Ring’ appeared first on Cryptonews
South Korea’s Crypto Premium Drops Below 1% as Bitcoin and Ethereum Prices Align Globally
22.5.2024
South Korea’s infamous crypto premium has diminished significantly, with bitcoin and ethereum prices now aligning closely with the weighted global averages, albeit with a minor premium. The BTC premium stands at 0.84%, while ETH’s premium is in a similar range. South Korea’s...
Ethereum-themed Scam Targets South Korean Crypto Community
22.5.2024
Fraudsters are targetting South Korean crypto users with an Ethereum-themed scam, token holders in the country said on May 21.
The post Ethereum-themed Scam Targets South Korean Crypto Community appeared first on Cryptonews
South Korean Police Arrest 34 in Swoop on Crypto-powered Drugs Smuggling Ring
17.5.2024
South Korean police have arrested 34 people in a raid on a suspected crypto-powered drugs smuggling ring, officers announced on May 16.
The post South Korean Police Arrest 34 in Swoop on Crypto-powered Drugs Smuggling Ring appeared first on Cryptonews
South Korean Police Officers on Trial in ‘Crypto Fraud Bribes’ Case
16.5.2024
Two South Korean police officers are standing trial over alleged bribery in an increasingly high-profile crypto fraud case.
The post South Korean Police Officers on Trial in ‘Crypto Fraud Bribes’ Case appeared first on Cryptonews
Korean university launches metaverse with private student access
15.5.2024
The school’s metaverse was built by LG Uplus to cater to tech-savvy college students
South Korean Tax Body Liquidates Crypto Worth Over $800,000
15.5.2024
The South Korean tax body, the National Tax Service (NTS), has announced it has liquidated previously frozen crypto worth more than $800,000.
The post South Korean Tax Body Liquidates Crypto Worth Over $800,000 appeared first on Cryptonews
South Korean Bithumb Airdrop Recipients Hit With Tax Bills, Exchange Responds
14.5.2024
South Koreans who received airdrop tokens and prizes from the Bithumb crypto exchange from 2018 to 2021 could face unexpected tax bills.
The post South Korean Bithumb Airdrop Recipients Hit With Tax Bills, Exchange Responds appeared first on Cryptonews
House overturns SEC’s anti-crypto guidance, Biden to veto: Law Decoded
13.5.2024
U.S. President Joe Biden may block the U.S. House of Representatives’ decision
Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report
13.5.2024
Police in Panshi City, Jilin arrested six people for running an "underground bank."
North Korean Hacker Group Targets South Korean Crypto Firms With New ‘Durian’ Malware
13.5.2024
The North Korean hacker organization Kimsuky has employed a new malware named “Durian” in targeted cyber attacks against at least two South Korean cryptocurrency companies, according to a report by cybersecurity firm Kaspersky. This malware variant, characterized by its multifunctional...
South Korea’s Bitcoin Premium Narrows, Yet Remains Above Global Average
12.5.2024
Recent figures show that despite bitcoin’s downturn in price, premiums in South Korea have diminished yet remain around $1,800 to $2,000 higher than BTC’s weighted global average price. Further metrics reveal that the South Korean won still ranks as the second most traded fiat...
Bitcoin Meal Box: South Korean Convenience Store Chain Partners With Crypto Exchange to Promote BTC
11.5.2024
Emart24, South Korea’s fastest-growing convenience store chain, has partnered with cryptocurrency exchange Bithumb to introduce a “bitcoin meal box” in a promotional campaign. Priced at 5,900 Korean won ($4.30) each, the company aims to sell 30,000 bitcoin meal boxes by May...
South Korean Mart Dishes Up Bitcoin-Themed Meal Packs with Crypto Exchange Bithumb
9.5.2024
Emart24 and Bithumb have teamed up to offer Bitcoin Meal packs, allowing customers to win Bitcoin rewards through a simple app-based process.
The post South Korean Mart Dishes Up Bitcoin-Themed Meal Packs with Crypto Exchange Bithumb appeared first on Cryptonews
South Korean convenience store sells Bitcoin-themed 'meal boxes'
9.5.2024
A convenience store in South Korea is offering Bitcoin meal boxes in collaboration with the local exchange Bithumb where customers can win small amounts of Bitcoin with their purchase
Illegal XRP Exchange Operator Jailed for Eight Years in South Korea
9.5.2024
An illegal XRP exchange operator has been sentenced to jail for eight years in South Korea after duping investors out of almost $3.4 million.
The post Illegal XRP Exchange Operator Jailed for Eight Years in South Korea appeared first on Cryptonews
South Korean OTC Crypto ‘Thieves’ Admit Guilt in USDT Trial
8.5.2024
Four suspected South Korean OTC crypto “thieves” have pleaded guilty to stealing around $735,000 from a crypto buyer in a “bogus” USDT deal.
The post South Korean OTC Crypto ‘Thieves’ Admit Guilt in USDT Trial appeared first on Cryptonews
New South Korean leadership will press for BTC ETF trading
7.5.2024
The Democratic Party of Korea promised to allow Bitcoin exchange-traded funds and it expects to follow through, one way or another