Prosecutors in South Korea have launched an investigation into Bithumb, one of the country’s largest cryptocurrency exchanges, over claims that company funds …
Korean
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Finance
South Korean investors shift to Hong Kong markets, Asian stocks slump courtesy of Trump
by shayaanby shayaanSouth Korean investors are pouring millions of dollars into Hong Kong’s stock market at levels not seen in three years, even as …
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Scams
New Evidence Reveals Extent of South Korean Official’s Crypto Investment Fraud
by shayaanby shayaanNew evidence has emerged revealing the full extent of a South Korean civil servant’s scheme to embezzle $342,000 (497.16 million Korean won) …
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Finance
Why South Korean investors must rethink their high-risk bet on Tesla-linked leveraged products
by shayaanby shayaanSouth Korean investors, known for their bold approach to high-risk trading, are now facing the consequences of their speculative bets on Tesla-linked …
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Dunamu, the parent company of South Korea’s largest crypto exchange, Upbit, has reportedly taken legal action against the country’s Financial Intelligence Unit …
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Blockchain analytics firm Arkham Intelligence said North Korea’s Lazarus Group was behind Bybit’s $1.46 billion hack. In an earlier post on social …
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Regulation
South Korean city to launch its own crypto seizing system for tax evaders
by shayaanby shayaanA city in South Korea plans to launch its own virtual asset electronic seizing system next month to seize crypto assets belonging …
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Markets
Arbitrum Awards Biggest-Ever Foundation Grant to Lotte, the South Korean Megacorp
by shayaanby shayaanArbitrum, the largest layer-2 network on top of Ethereum, has awarded its biggest-ever developer grant to Lotte Group, the multibillion-dollar South Korean …
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Regulation
South Korean Court Jails Bithumb CEO and Golfer in Crypto Bribery Scandal
by shayaanby shayaanBithumb CEO, Celebrity Golfer Sentenced for Altcoin Bribery Scam: Court Unveils $2M Fraud Case Altcoin Price Rigging: South Korean Court Jails Bithumb …
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Regulation
South Korean Government Slaps Sanctions on 15 Individuals Allegedly Involved in North Korea’s Crypto Heists
by shayaanby shayaanThe South Korean government says it is imposing sanctions on 15 North Koreans who engage in illicit cyber activities to raise funds …