City Seoul Financial News
08.03 / 14:07
Drugs
Police
South Korean Police Arrest Girl Aged 14 for Buying Crystal Meth with Crypto
A 14-year-old South Korean girl has been arrested on suspicion of using cryptoassets to buy methamphetamine (crystal meth).
05.03 / 11:11
business
Art
Binance
NFT
hackathon
Binance USD
BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea
Crypto exchange Binance has been accused of “blatantly” copying the winner of the BNB Chain hackathon after launching Bicasso — an AI-based nonfungible token (NFT) creation tool. Binance allegedly ripped off a tool created by Chatcasso just two months after awarding them first prize in a BNB Chain hackathon held in Seoul between Dec. 17 to 19, 2022.
04.03 / 16:37
Twitter
Binance
CEO
Platform
Action
South Korean company Steemhunt accuses Binance of intellectual theft
South Korean blockchain-based community platform Steemhunt has accused Binance of intellectual theft. Steemhunt claims that Binance stole its Chatcasso product idea in order to launch the exchange’s AI-based NFT product, Bicasso.
24.02 / 18:33
regulation
Staking
Crypto Staking
services
South Korean Regulator Is Probing Crypto Staking Services
A top South Korean financial regulator has launched a probe into domestic crypto staking services. And crypto exchanges are concerned this means new staking-related regulations could be incoming.
22.02 / 17:52
scam
Police
South Korean Police Arrest 30 in $8m ‘Crypto Scam’ Bust
South Korean police have arrested 30 people as part of an investigation into a suspected $ 8 million crypto scam. Masterminds appear to have promised investors “guaranteed gains” of up to 2,000%.
20.02 / 10:25
Blockchain
Ethereum
Digital
Platform
Dreams
Support
NvirWorld Continuing CSR Efforts, Launches 'BLUE ROSE' Donation Campaign to Support Developmental Disabilities and Turkey-Syria Earthquakes
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
20.02 / 10:11
CEO
Platform
Southern
Terra Classic
Former Tmon CEO faces arrest for taking bribes to promote Terra Classic
After the former CEO of Tmon, a Korean e-commerce platform, was accused of taking billions of won worth of Terra (LUNA), which is now known as Terra Classic (LUNC), in exchange for promoting Terra as a straightforward payment gateway, prosecutors in South Korea have asked for an arrest warrant to be issued for the individual.
15.02 / 16:59
business
Law
regulation
LUNC
Terraform Labs
Korean e-commerce exec accused of accepting LUNA for shilling Terra Labs
South Korean prosecutors have requested an arrest warrant for the former CEO of Tmon, a Korean e-commerce platform, after taking billions of won in LUNA (LUNA), now known as LUNA Classic (LUNC), for promoting Terra as a simple payment gateway.
13.02 / 14:07
Hack
security
Threat
New North Korean Ransomware Threat to ‘Major Institutions’ Detected, Say South Korea, US
South Korean and United States intelligence agencies have warned that Pyongyang-based hackers are trying to hit “major international institutions” with ransomware attacks. But experts say that “overlapping sanctions” could help Seoul and Washington thwart North Korean cyber thieves.
10.02 / 12:31
Blockchain
regulation
South Korea sets independent sanctions for crypto theft against North Korea
South Korea announced its first independent sanctions related to cryptocurrency thefts and cyber attacks against certain North Korean groups and individuals.
09.02 / 13:49
09.02 / 06:01
Sandbox
Saudi Arabia's Partnership with The Sandbox Paves the Way for This New Metaverse Project – Here's Why
The Sandbox, a metaverse gaming platform, experienced a 30% surge at one point in its SAND token's price following the announcement of an MoU with the Saudi Arabia Digital Government Authority (DGA). SAND's price is currently up about 20% since February 6, as of writing, at $0.8477.
08.02 / 09:57
Government
Stablecoin
regulation
Altcoin
Terra
South Korean officials traveled to Serbia to find Do Kwon
The hunt for the controversial founder of the now-collapsed Terra ecosystem, Do Kwon, has intensified with South Korean officials reportedly confirming they sent at least two people to Serbia to track him down.
07.02 / 16:19
TerraUSD
Terra
South Korean Officials Traveled to Serbia to Locate Terra's Do Kwon
A group of South Korean officials has traveled to Serbia in a bid to locate Do Kwon, the co-founder of Singapore-based Terraform Labs, the parent company of crashed stablecoin TerraUSD.
07.02 / 14:23
06.02 / 11:11
regulation
security
guidance
South Korean regulator provides guidance on security tokens
South Korea established guidance that specifies which types of digital assets will be considered and regulated as securities in the country.
02.02 / 08:07
business
crimes
Bithumb
Bithumb owner arrested in South Korea over alleged embezzlement
The suspected real owner of South Korea’s largest crypto exchange Bithumb has been arrested on alleged embezzlement charges on Feb. 2 local time.
01.02 / 16:21
Twitter
CEO
Platform
Equinoz’s ‘Cybernetics’ Was Sold Out In 4 Minutes On PlayNomm NFT Marketplace
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
31.01 / 17:39
UPS
regulation
Metro
South Korean Regulators Set to Carry out ‘Regular’ Crypto Firm Probes
South Korean financial regulators will start conducting “regular” on-site inspections at domestic crypto firms this year. And they say they will investigate not only exchanges, but also wallet operators and crypto custody-related firms.
31.01 / 13:57
Lowe's
Target
Binance
scam
S Korean Police Probe Possible $8m Crypto Scam Targeting Investors Who’d Suffered Losses
South Korean police are probing a possible $8m crypto scam – after a group of 40 alleged victims complained they were tricked into buying a potentially worthless or non-existent cryptoasset.
30.01 / 18:49
Memory-Chip Makers Face a Prolonged Price Slump
SEOUL—Memory-chip prices, which dropped steeply over the past year, are expected to keep falling in the first half of 2023, putting more pressure on an industry that has already cut investments and jobs.
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