Three people pulled a prison sentence from a South Korean court for orchestrating an investment scheme that defrauded victims of around 610 …
Korean
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Markets
South Korean Trio Jailed for Crypto Ponzi Scheme Promising 30% Monthly Returns
by shayaanby shayaanA South Korean court has sentenced three members of a crypto scam ring to prison for deceiving investors out of 610 million …
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Regulation
Seoul Councilor tops South Korean officials’ crypto holdings as declarations hit $9.83M
by shayaanby shayaanThe top crypto holder among top South Korean officials is Kim Hye-young, a member of the Seoul Metropolitan Council, who holds crypto worth …
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Regulation
South Korean exchange UPbit saw massive earnings growth in 2024 amid regulatory hiccups
by shayaanby shayaanDunamu, the parent company of South Korea’s largest crypto exchange UPbit, reported a significant increase in earnings for 2024, defying ongoing regulatory …
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Regulation
South Korean authorities raid Bithumb in corporate fund misuse inquiry
by shayaanby shayaanSouth Korean prosecutors raided the headquarters of crypto exchange Bithumb on March 19 as part of an investigation into whether the company’s …
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Markets
Crypto Exchange Bithumb Raided by South Korean Prosecutors Over Embezzlement Allegations: Report
by shayaanby shayaanProsecutors in South Korea have launched an investigation into Bithumb, one of the country’s largest cryptocurrency exchanges, over claims that company funds …
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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 …