City Seoul Financial News

19.04 / 11:11

Twitter Drugs Telegram Fighting Bitcoin S Korean President Calls for ‘War’ on Crypto-powered Drug Trafficking

South Korean President Yoon Seok-yeol has declared an “all-out war” on crypto-powered drug trafficking after a large number of narcotics-trading teens were handed jail time.

17.04 / 09:27

TerraUSD Terra Luna Terra New Report: Terra Founder Do Kwon Sent Millions of Dollars to Law Firm Before Collapse of Terra – Here's What You Need to Know

Terraform Labs founder Do Kwon sent millions in funds to a local law firm in South Korea just before the implosion of the Terra ecosystem.

13.04 / 11:17

Citi Crime Man Bitcoin Korean ‘Crypto Murder’ Case: Couple Paid ‘Killer’ – Here’s What We Know

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.

12.04 / 13:27

UPS Binance Southern Bitcoin Threat Terra Founder Do Kwon’s Crypto Stash Under Threat as S Korean Prosecutors Make Move

South Korean prosecution officials want to freeze crypto holdings and cash belonging to the Terraform Labs founder Do Kwon, and have asked a court to help them freeze funds located in Switzerland and elsewhere.

11.04 / 15:31

Cooper CEO Merit Action Southern HANS Terra founder Do Kwon invites more trouble, million in assets to be frozen

According to a recent Forkast news report, the Seoul Southern District Prosecutors’ Office has frozen 7.1 billion Korean won ($5.36 million) in assets belonging to Terraform Labs CEO Kwon “Do Kwon” Do-hyung.

07.04 / 12:39

ETH Twitter Progressive Financial BendDAO Empowers NFT Investors with Web3 Financial Reporting

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

07.04 / 10:55

Binance regulation Terra Luna Terraform Labs Terra Bitcoin Do Kwon converted illicit funds from Luna to Bitcoin: S.Korean prosecutors

South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out of the $314 million identified illicit assets, prosecutors have linked about 91.4 billion won ($69 million) of the specified amount to Kwon.

06.04 / 10:55

Ethereum Binance Tether Action Southern Terra Bitcoin Terra Co-Founder's Binance Funds May Be Frozen After Prosecution Request – Will the Crypto Exchange Comply?

South Korean authorities have confirmed that they have asked the crypto exchange Binance to freeze crypto belonging to the Terraform Co-founder Daniel Shin.

05.04 / 13:31

UPS Extreme CEO Pool Southern Terra Luna Bitcoin Terra (LUNA) Price Prediction 2025-2030: How long will LUNA face the heat?

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

05.04 / 10:11

Crime Man raid S Korean Police Raid Plastic Surgery, Identify Suspects in ‘Crypto Murder’ Case – Here’s the Latest

South Korean police have raided a plastic surgery clinic in connection with the suspected crypto-motivated kidnap and murder of a 48-year-old woman.

04.04 / 16:15

Southern Terraform Labs Terra faces more legal trouble as authorities seize $160 million in assets

As per a recent report by the local South Korean news outlet KBS, the Seoul Southern District Prosecutor’s Office has seized approximately $160 million in assets from eight individuals linked to the collapse of Terraform Labs.

03.04 / 21:31

Law regulation crimes Terra South Korean authorities seize $160M in assets tied to Terra employees: Report

The Seoul Southern District Prosecutor's Office has reportedly confiscated roughly $160 million worth of assets from eight people connected to the collapse of Terraform Labs, including co-founder Daniel Shin.

03.04 / 09:35

Citi Crime Man CEO Mobile Bitcoin Crypto Crime South Korea Stunned by ‘Crypto-motivated’ Murder – Is Crypto Crime on the Rise?

South Korea has been rocked by the apparent kidnap and murder of a 48-year-old woman in Gangnam, Seoul – a crime that seems to have been motivated by crypto. Four suspects have been arrested.

01.04 / 09:51

regulation Altcoin Court LUNC Terraform Labs Terra Low Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk

A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder.

24.03 / 16:07

Provident Luna fugitive Crypto fugitive Do Kwon faces US charges after arrest in Montenegro

Kwon was arrested by Interpol at Podgorica airport on Thursday, after providing falsified documents from Costa Rica while attempting to board a flight to Dubai.

24.03 / 13:37

TerraUSD Interpol Crypto founder Do Kwon indicted in US following Montenegro arrest

Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by U.S. prosecutors. An eight-count indictment against Kwon was made public in the U.S. District Court in Manhattan, several hours after news of his arrest earlier Thursday in Montenegro. Lawyers for Kwon in the United States did not immediately respond to requests for comment after business hours. Thursday's indictment charges Kwon, a South Korean national who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, with two counts each of securities fraud, wire fraud, commodities fraud and conspiracy.

21.03 / 17:21

SEC CEO Action Bitcoin South Korean Regulator ‘Not Meeting SEC to Talk About Crypto’s Securities Status’

A top South Korean financial regulator has denied reports claiming it is set to cooperate with the United States on efforts to classify certain cryptoassets as securities.

20.03 / 13:41

Provident Coinone Southern Bithumb Bithumb Exec Suspected of Taking Bribe in Exchange for Token Listing

An official from the South Korean crypto exchange Bithumb is under investigation – on suspicion of taking bribes in exchange for facilitating a coin listing.

14.03 / 14:05

Hack Seoul: Sanctions May Be Ineffective Against North Korea’s Crypto Hacks

North Korea’s crypto hacking campaign may be impervious to international sanctions, a South Korean government official has claimed.

12.03 / 14:03

business Adoption Funding Metaverse Financial Systems South Korea launches Metaverse Fund to expedite domestic initiatives

While some global economies got distracted by the commotion around price instability and ecosystem collapses in crypto, South Korea doubled down on the potential of the metaverse as a new economic growth engine.

09.03 / 18:43

Provident Google Platform Enterprise Meta Platforms Support South Korea commits $51M to support metaverse development

South Korea has recently announced a significant investment of 27.7 billion Korean won (US$21 million) into local services that aim to utilize the metaverse.

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