City Seoul Financial News

12.12 / 05:25

regulation Interpol Terra co-founder Do Kwon hiding out in Serbia, says authorities

It is understood that Terraform Labs’ controversial founder and CEO Do Kwon is currently located in the Southeast European nation of Serbia after leaving Singapore in September.

08.12 / 16:57

Law Waves Court saga Wemix delisting saga continues at South Korean court

A court in South Korea has supported the decision of local exchanges to delist Wemade’s Wemix (WEMIX) tokens, dismissing Wemade’s request to cancel the delisting.

08.12 / 13:55

Digital Coinone Luna South Korean Gaming Giant WeMade Loses Legal Struggle Against WEMIX Delisting

The South Korean gaming firm WeMade has lost its legal battle against the nation’s biggest crypto exchanges – who have decided to delist its wemix coin (WEMIX).

06.12 / 16:07

Southern LUNC Terraform Labs Terra Luna Classic Price Prediction: LUNC to Hit $3 in Next Bull Market?

The Terra Luna Classic price prediction is bullish, as the LUNC/USD pair has gained support at $0.000169, a support level extended by an upward trendline. A recent arrest warrant issued for associates of Terra (LUNA) founder Do Kwon has apparently been thrown out by a South Korean judge.

05.12 / 14:09

MET Terra S Korean Prosecutors Fail in Effort to Arrest Terraform Co-Founder Shin, Do Kwon Gloats

South Korean prosecutors have suffered a blow in their bid to arrest the masterminds of the Terra ecosystem – after a court turned down a request for the arrest of the Terraform Labs Co-founder Daniel Shin. The news was met with much glee from Shin’s fellow Co-founder Do Kwon, who celebrated the development on social media.

03.12 / 00:57

Law regulation crimes Terra South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon's former associates

A judge with the Seoul Southern District Court has reportedly set aside arrest warrants for Terra co-founder Shin Hyun-seong along with those of 3 Terra investors and 4 developers.

02.12 / 13:39

Man CEO Legal Jail South Korean Crypto Exchange CEO to Serve 25 Years in Jail After Appeal Fails

The CEO of a South Korean crypto exchange who was found guilty of murdering his lover by stabbing her and pushing her out of a 19th-storey apartment window has had his appeal rejected – and will serve 25 years in prison.

01.12 / 13:41

Software Police Bitcoin South Korean Police, Prosecutors Quadruple Spending on Crypto Monitoring Tools

South Korean police and prosecutors have quadrupled the amount of money they are spending on crypto monitoring tools in the past 12 months.

30.11 / 13:59

Southern Terra Luna Prosecutors Seek Arrest Warrant for Daniel Shin & Seven Other Terraform Players

South Korean prosecutors have asked a court to issue an arrest warrant for the Terraform Labs Co-founder Daniel Shin (Korean name Shin Hyun-seong) – as well as a group of “early” Terra ecosystem “investors.”

30.11 / 11:15

regulation Altcoin Terraform Labs Terra South Korea issues arrest warrant for Do Kwon's former colleagues

Amid the ongoing manhunt for Terraform Labs co-founder and CEO Do Kwon, South Korean authorities have spread out their investigations to target other Terra executives. Prosecutors issued an arrest warrant for co-founder Daniel Shin and seven other engineers and investors of the firm following suspicion of gaining illegal profits before the massive collapse of the Terra ecosystem.

28.11 / 17:31

Southern Terraform Labs Terra Financial S Korean Financial Regulator Says it Warned Terraform Co-founders of Danger Back in 2018

South Korean financial regulators say they warned the Terraform Labs co-founders Do Kwon and Daniel Shin against launching their business back in 2018 – but were ignored.

25.11 / 17:11

Man Police Bitcoin Jail South Korean Man Who Bought Drugs with Bitcoin Given Jail Sentence

A South Korean man was handed a host of punishments after a court found him guilty of buying narcotics online – using bitcoin (BTC).

21.11 / 16:27

Blockchain CEO Southern South Korea seizes $104M from Terra's co-founder on unjust earnings.

South Korean authorities are continuing their efforts to bring closure to the victims of the year's first crypto crash, which involved Terraform Labs. While the crypto exchange FTX has taken the spotlight away from other collapsed ecosystems, South Korean authorities are still working to help Terraform Labs' victims.

19.11 / 08:05

business regulation Court investigation Terraform Labs South Korea seizes $104M from Terra co-founder suspecting unfair profits

While crypto exchange FTX stole the limelight from other fallen ecosystems, South Korean authorities continue their efforts to bring closure to the victims of the year’s first crypto crash — Terraform Labs. Nearly six months after the Terra (LUNA) blockchain was officially halted, South Korean authorities froze approximately $104.4 million (140 billion won) from co-founder Shin Hyun-seong based on suspicion of unfair profits.

15.11 / 00:33

Law regulation Terraform Labs Terra South Korean prosecutors call on Terra co-founder Shin Hyun-seong to cooperate: Report

Authorities in South Korea have reportedly requested Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, to appear as part of an investigation into the collapse of the firm.

09.11 / 18:21

Blockchain Provident Twitter Reddit services OnePlanet To Provide Polygon-dedicated Launchpad Services

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

09.11 / 14:07

Target BLOCK South Korean Academic: We Must Block North from Hacking Crypto

A South Korean academic has claimed that Seoul must take steps to stop Pyongyang from hacking crypto targets south of the demilitarized zone – as tensions escalate between North Korea and its southern neighbor.

07.11 / 13:35

ETH Fraud Rolex Crypto Fraudsters Bait Victims with Promises of Free ETH and Rolex Watches

The ringleaders of a South Korean crypto fraud ring that sucked victims in with promises of Rolex watches and etheruem (ETH) giveaways have been sentenced to jail.

04.11 / 14:15

CEO Southern Terra Prosecutors: We Have Proof Do Kwon ‘Ordered Crypto Price Manipulation’

South Korean prosecutors say they have evidence that proves the missing Terraform Labs Co-founder Do Kwon told an employee to manipulate coin prices. But Kwon has suggested that he is ready to hold a “meetup,” with “cops from all over the world welcome” to attend.

02.11 / 21:03

business Blockchain Web3 Crypto executives discuss the emergence of Web 3.0 tech hubs around the world

Where are the top destinations for a career in crypto? For some, it’s traditional innovation hubs such as Miami or Silicon Valley. For others, it’s Singapore or Seoul. In addition, some would even argue that as long as you have a stable internet connection, irrespective of location, is sufficient for one to carve their own path in the realm of Web 3.0.

01.11 / 11:29

European Union Protests South Korean police admit 'heavy responsibility' for deadly Seoul crush

South Korea's police chief accepted "a heavy responsibility" for failing to prevent a crowd surge that killed more than 150 people during Halloween festivities in Seoul.

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