North Korea Financial News

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 / 05:39

Law defi ApeCoin geo-blocks US stakers, two Apes sell for $1M each, marketplace launched

United States-based ApeCoin (APE) holders could miss out on staking rewards after the U.S. was added to a list of regions geo-blocked from using an upcoming APE staking service.

25.11 / 05:39

business Blockchain Microsoft WEMIX token plunges 70% after it's delisted by Korean exchanges

South Korea’s largest crypto exchanges have announced they will delist WEMIX (WEMIX) — the native token of gaming company Wemade’s blockchain platform Wemix — alleging the firm provided “false information” in response to an investment warning it was issued.

23.11 / 22:55

Blockchain Platform Fighting GameStop Green Crypto: This New Eco-Friendly Coin Just Added GameStop and Samsung as Affiliate Partners – Next Big Thing?

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

22.11 / 13:43

Digital Fallout S Korean Regulators Draft New Crypto Laws – to Prevent More FTX and Terra ‘Incidents’

Financial regulators in South Korea want to impose a raft of new crypto-related laws – in a direct response to the collapse of the FTX crypto exchange and the implosion of Terra ecosystem coins in May.

21.11 / 13:43

Dogecoin Citi Doge ‘High-ranking’ S Korean Civil Servant Caught Trading DOGE During Key Meeting

A “high-ranking” South Korean civil servant has been caught buying Dogecoin (DOGE) on his cell phone – in the middle of an important local government meeting.

20.11 / 14:51

business regulation South Korea investigates crypto exchanges for listing native tokens

Native cryptocurrencies turned out to be the biggest factor contributing to the demise of numerous exchanges and ecosystems this year, most recently during the FTX collapse. Korea's financial authority, Korea Financial Intelligence Unit (KoFIU), took notice of the same as it launched a probe into crypto exchanges in relation to listing their in-house, self-issued tokens.

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.

16.11 / 17:39

Police crypto mining South Korean Police Probe Crypto Mining Outfit on ‘Ponzi Scam’ Suspicions

South Korean police officers are investigating a crypto mining firm that allegedly failed to pay back its investors – after promising them monthly returns of up to 12%.

09.11 / 19:05

Ethereum Target Action Airlines Tornado Cash US Treasury Redesignates Sanctions on Tornado Cash Crypto Mixer, Citing North Korea Involvement

The US Treasury Department has redesignated sanctions on the mixing service Tornado Cash, saying North Korea’s Lazarus Group has used the service to launder more than $100m stolen in crypto heists.

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.

09.11 / 01:35

regulation sanctions US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program

The United States Treasury Department's Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in “transportation and procurement activities” for the Democratic People’s Republic of Korea in its list of Specially Designated Nationals.

08.11 / 09:39

European Union CLIMATE CRISIS United Nations Ukraine war: North Korea denies claims it sent artllery shells to Russia

North Korea has denied American claims that it's shipping artillery shells and ammunition to Russia for use in its war against Ukraine, and on Tuesday accused the United States of lying.

04.11 / 05:49

business Government Blockchain Terraform Labs South Korean prosecutors accuse Do Kwon of manipulating Terra's price

A local report from South Korea claims that the country's prosecutors have obtained evidence to suggest Terraform Labs co-founder Do Kwon had onceordered an employee to manipulate the price of Terra Luna Classic (LUNC).

03.11 / 23:53

Tether interview Interest rates Bitcoin The crypto market bottom is ‘almost in’ — Market Talks chats with trader Korean Jew Crypto

On this week’s episode of Market Talks, we welcome Jake, also known as “Korean Jew Crypto” on Twitter and the founder of “The Trading Dojo,” a platform that provides quality coaching and education to help traders identify profitable trades on their own.

02.11 / 10:41

Technology Activism Energy North Korea launches several missiles aimed at South in another apparent test

A North Korean ballistic missile landed less than 60 kilometres off South Korea's coast on Wednesday in a barrage of apparent tests President Yoon Suk-yeol said was "effectively a territorial encroachment".

01.11 / 13:19

regulation Terra AIM South Korean regulators aim to toughen crypto fraud punishments

In the aftermath of the Terra collapse last spring, South Korean legislators intend to ramp up legislation, putting specific emphasis on the protection of investors in virtual assets — i.e. digital currencies — and harshening penalties for unfair trade acts in the industry.

01.11 / 12:33

Fraud Police S Korean Police Shut Down $472,000 Group Chat-based Crypto Fraudsters

South Korean police say they have arrested the ringleaders of a $472,000 crypto fraud gang that made use of the group chat function on a social media app to lure in unsuspecting victims.

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.

31.10 / 17:09

UPS Bithumb S Korean Prosecutors Arrest Exec Suspected of Destroying Evidence at Bithumb ‘Affiliate’

South Korean law enforcers have arrested an executive at one of the crypto exchange Bithumb’s affiliate companies. The executive was charged with destroying evidence prior to an onsite probe earlier this month.

30.10 / 14:45

Halloween Seoul Halloween crush: Mourning declared as South Korea survivors describe 'horrific' scenes

A period of national mourning has been declared in South Korea after Saturday night's Halloween crush that killed at least 153 people and injured scores more in a packed nightlife area in Seoul.

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