North Korea Financial News

17.03 / 13:23

Hack defi Exploit Wallet Addresses Linked to $200 Million Euler Exploit and Axie Infinity Hack Mysteriously Interact – Are North Korean Hackers Involved?

Wallet addresses linked to the recent exploit of Euler Finance and last year's breach of Axie Infinity's Ronin Network have shown interactions, fueling suspicions that North Korean cybercriminals could potentially be involved in the latest assault on Euler.

15.03 / 21:15

Provident South Korea Invests in Metaverse Fund for Economic Growth

South Korea has been making significant investments in the metaverse, seeing it as a potential new economic growth engine. The country's Ministry of Science and ICT recently announced a major investment in a fund dedicated to driving metaverse initiatives, with the goal of supporting the mergers and acquisitions of various firms in the metaverse ecosystem and helping domestic metaverse-related companies compete with global players.

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.

10.03 / 17:33

Provident Coinone Platform Crypto Exchange S Korean Regulator Launches Crypto Trading Platform Probe – Which Exchanges Are Involved?

South Korea’s top financial regulator, the Financial Services Commission (FSC), has begun a “comprehensive inspection” of the nation’s crypto exchanges.

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.

07.03 / 15:39

regulation crimes South Korea saw over $4B in unregistered crypto transactions in 2022

In 2022, the citizens of South Korea transacted $4.3 billion (5.6 trillion Korean won) through 'illegal' crypto exchanges, according to local sources. The country’s government has been especially attentive toward such money movement amid the tightening regime of licensing.

07.03 / 09:03

Blockchain defi Hackers hacks Cybersecurity security Uranium Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting $3.3M

One of the wallets associated with the $50 million exploit of Uranium Finance in April 2021 appears to have awoken after 647 days of dormancy, with funds headed towards crypto mixer Tornado Cash.

07.03 / 06:33

Blockchain Ethereum Adoption privacy Developers us government Tornado Cash dev says 'sequel' to crypto mixer aims to be regulator-friendly

A former Tornado Cash developer claims to be building a new crypto mixing service that aims to solve a “critical flaw” of the sanctioned crypto mixer — which he hopes will convince U.S. regulators to reconsider its position on privacy mixers.

06.03 / 19:55

Blockchain Ethereum ETH Suspected Hackers Move Stolen Funds to Sanctioned Crypto Mixer

Blockchain security firms PeckShield and Beosin have reported that suspected hackers who exploited Lendhub, a decentralized finance lending protocol, have moved more than half of their ill-gotten gains to Tornado Cash, a crypto mixer service. According to Beosin, around 2,415 Ether (ETH), worth about $3.85 million, was sent to Tornado Cash from a wallet connected to the Jan. 12 exploit. Beosin also reported that a total of 3,515.4 ETH, currently worth over $5.7 million, has been sent to Tornado Cash by the exploiter since Jan. 13.

06.03 / 17:23

Ethereum Provident BTC Binance XRP Bitcoin Bitcoin price rise week Crypto users 45% of S Korean Crypto Users Predict a Bitcoin Price Rise This Week

Almost half of South Korean crypto holders think Bitcoin (BTC) prices will rise this week, a survey has found.

06.03 / 17:23

Blockchain ETH Twitter Citizens AXY Infinity Early Tornado Cash Contributor Builds Improved Version of Blacklisted Coin Mixer – Here's How it Works

Half a year after lead developer Alexey Pertsev was arrested in the Netherlands, the Tornado Cash coin mixer has been rebuilt and redeployed as Privacy Pools.

03.03 / 18:17

Target AXY Platform Action Time DeFi and NFTs plagued by hacks worth millions in this time frame: Analyzing…

Decentralized finance (DeFi) remains a major target for bad actors in the crypto market throughout February 2023, with total losses exceeding $20 million. Data from DeFiLlama demonstrated the scope of the damage, which showed that most attacks were carried out using compromised private keys.

23.02 / 20:23

Arrest FBI National Moscow Authorities Detain British National Accused of Aiding North Korea in Crypto Sanction Evasion

A British citizen who is wanted by the FBI for allegedly assisting the North Korean government to evade U.S. sanctions via crypto is in the custody of Russian authorities.

21.02 / 13:33

regulation Department Of Justice sanctions Interpol Brit who consulted North Korea on crypto reportedly detained in Moscow

The local bureau of Interpol detained a British national charged by the United States Department of Justice (DoJ) in Moscow. He’s being alleged of conspiring to violate U.S. sanctions on North Korea.

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.

20.02 / 09:17

business Ethereum Bitcoin Premium South Korea’s Kimchi premium turns to discount

South Korea’s "Kimchi premium" has flipped to a discount again, meaning cryptocurrencies such as Bitcoin are now cheaper to buy on South Korean exchanges.

17.02 / 17:41

SEC Terra Luna TerraUSD Stablecoin Scandal: SEC Sues Terraform Labs and Do Kwon for Deceiving Investors – Here's What Happened

The US Securities and Exchange Commission (SEC) has sued Terra founder Do Kwon and his organization Terraform Labs for securities fraud.

17.02 / 02:11

Blockchain SEC Mobile Luna US SEC files fraud lawsuit against Terraform Labs and Do Kwon

The United States Securities and Exchanges Commission (SEC) has made yet another move in the stablecoin market. This time around, the regulator is going after the firm behind the collapsed algorithmic stablecoin, TerraUSD (UST). The commission has filed a securities fraud lawsuit against Terraform Labs and its founder – Do Hyeong Kwon.

16.02 / 21:21

Blockchain hacks Sky Mavis Norwegian police recover $5.9M stolen from Axie Infinity Ronin hack

According to a press release published on Feb. 16 by Norway's National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim), authorities have seized 60 million Norwegian Kroner ($5.85 million) in stolen cryptocurrencies linked to the Axie Infinity Ronin Bridge hack last March. According to senior public prosecutor Bender,

16.02 / 20:33

cryptocurrency Sky Mavis Norway seizes record $5.8 million of crypto stolen by North Korea

Norway has seized a record $5.8 million worth of cryptocurrency that was stolen by North Korean hackers last year, Norwegian police said in a statement on Thursday.

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