North Korea Financial News

14.09 / 12:31

Blockchain Citi CEO Huobi Busan signs MoU with Huobi, gets more help for local crypto exchange

South Korea’s ‘blockchain’ city of Busan continues to establish agreements with cryptocurrency industry heavyweights as Huobi Global enters the development ecosystem.

13.09 / 13:43

Blockchain IPO CEO Fighting Startup Aims to Become First South Korean Crypto Player to List on KOSDAQ Exchange

A South Korean crypto and blockchain startup is aiming for the KOSDAQ, the country’s stock exchange, and could become the nation’s first publicly listed company.

13.09 / 13:43

Lowe's Bitcoin 2020 Number of South Korean 20- and 30-something Crypto Buyers Has ‘Nearly Tripled’ Since 2020

More young South Koreans than ever are buying crypto, with the number of 20- and 30-somethings taking the plunge trebling since 2020. But this rise in bullish buying behavior has come at a price – with a sharp rise in youth bankruptcy claims reported over the same period.

10.09 / 12:11

Blockchain AXY Platform AXS and RON lurk in red shadows despite seizing 10% of Ronin hack funds

Blockchain data platform, Chainalysis, in a new report confirmed the seizure of $30 million worth of cryptocurrency stolen by North Korean Lazarus group. Of the $622 million in crypto lost due to the Ronin Bridge and Axie Infinity hack in March, the seized assets represent approximately 10% of the stolen funds.

10.09 / 03:39

Blockchain AXY Platform Infinity Ronin Bridge Hack: U.S. seizes $30 million worth crypto assets

The United States seized $30 million worth of cryptocurrency stolen by North Korea-linked hackers. The news was released by blockchain data platform Chainalysis.

09.09 / 01:13

Blockchain defi Report Time DeFi DApps activity rises 3.7% in August for first time since May — Report

DeFi dapps showed a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing 3.7% on a month-over-month basis, according to a report from DappRadar.

08.09 / 22:15

Blockchain Binance Platform Sky Mavis Bitcoin Law enforcement recovers $30 million from Ronin Bridge hack with the help of Chainalysis

On Thursday, blockchain forensics firm Chainalysis said that law enforcement had recovered $30 million in crypto stolen from the $625 million Ronin Bridge hack in March. According to Chainalysis, Lazarus Group, the North-Korea linked entity behind the attacks, first used sophisticated money-laundering techniques such as sending stolen Ether (ETH) to crypto-mixer Tornado Cash, swapping it for Bitcoin (BTC), sending theBitcoin to Tornado Cash, and then cashing out at exchanges. However, the group recently moved away from such techniques after the U.S. Department of Treasury imposed sanctions on Tornado Cash wallet addresses.

08.09 / 17:11

Digital SEC coinbase Department Coinbase bankrolls lawsuit against Treasury Department following Tornado Cash sanctions

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07.09 / 19:51

Blockchain Target defi Pool Avalanche Blockchain Used To Implement Flash Loan Attack - $370K Nabbed

In the latest major hacking attempt against Avalanche (AVAX), a flash loan attack that targeted the blockchain enabled its unknown perpetrator to steal as much as USD 370,000 worth of USD Coin (USDC), per a recent announcement by CertiK Alert.

06.09 / 22:15

Government Stablecoin regulation settlement Russian gov't working on stablecoin settlement platform between friendly nations: State media

Russia's Finance Ministry has reportedly begun working with the governments of “friendly” nations to establish a cross-border stablecoin-based payments platform.

06.09 / 08:37

Twitter Altcoins Exploit ShadowFi Exploit Allows $300k Liquidity Drain, Massive Cryptocurrency Loss

ShadowFi tweeted about the cyber attack. Hackers made an attack on DeFi systems possible by a crypto-private effort known as ShadowFi. A prominent blockchain security firm, Peckshield, sounded the alarm and revealed the exploitation cost around $300,000.

05.09 / 14:31

Crime security elon Mysterious Elon Musk-themed Crypto Hackers Take Over S Korean Gov’t YouTube Channels

04.09 / 14:23

Blockchain Twitter XRP PwC PwC Venezuela Twitter account hacked, attacker shills fake XRP giveaway

An attacker gained access to PwC Venezuela’s Twitter account and has been actively posting cryptocurrency phishing links for the last 8 hours at the time of the writing. Considering that all the tweets posted by the hacker remain active, it is evident that PwC officials are yet to realize the compromise.

04.09 / 12:13

Blockchain YouTube elon Elon Musk-crypto video played on S. Korean govt's hacked YouTube channel

A YouTube channel owned by the government of South Korea was reportedly hacked and renamed SpaceX Invest, following which the channel uploaded fabricated videos of Elon Musk discussing cryptocurrencies.

02.09 / 20:17

Blockchain Adoption Gaming Blockchain Game Gaming makes up over half of blockchain industry usage, DappRadar

New data from DappRadar suggests that gaming remains a vital organ to the blockchain industry. According to the report, the gaming sector accounts for approximately 50.51% of industry usage month-over-month (MoM), as per August numbers.

31.08 / 21:35

business Blockchain NFT ad Twitter brings back suspended NFTs accounts as Solana threatens to pause ad spend

Early Wednesday, Twitter suspended access to nine accounts associated with promoting nonfungible tokens, or NFTs, on the Solana (SOL) ecosystem. The move comes just ahead of the highly anticipated launch of the y00ts NFT collection, a follow-up to DeGods, the most popular NFT collection on Solana, this Friday. Shortly after the suspension, Austin Federa, head of communications at the Solana Foundation, stated:

31.08 / 14:47

business Bithumb Singapore court rules in favor of Bithumb founder in acquisition case

The court drama behind the acquisition of South Korean crypto exchange Bithumb has been going on for several years, but in an unexpected development, a Singapore court has made a ruling against Kim Byung-gun, who has originally accused the owner of Bithumb, Lee Jung-hoon, in defrauding him.

31.08 / 12:32

Blockchain Adoption education Busan City announces FTX partnership to build local exchange

South Korea’s second-largest city Busan has announced a partnership with crypto trading platform FTX to build a local crypto exchange and foster blockchain development.

29.08 / 22:43

Stablecoin regulation ICO Central Bank Future South Korean central bank eyes MiCA, says future regulations may allow ICOs again

The South Korean central bank has indicated that initial coin offerings (ICOs) will be allowed under the Digital Assets Framework Act, according to a local news report. That comprehensive legislation is expected to be introduced in 2023 and implemented the following year.

23.08 / 17:59

business Law Adoption saga Tornado Cash saga highlights legal issues affecting the crypto market

Things have not been looking too good for the crypto market in recent months, with the market seemingly being gripped by one piece of bad news after another. To this point, on Aug. 8, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued legal sanctions against digital currency mixer Tornado Cash.

22.08 / 06:59

business Blockchain Bitcoin Mixers Ronin hackers transferred stolen funds from ETH to BTC and used sanctioned mixers

The hackers behind the $625 million Ronin bridge attack in March have since transferred most of their funds from ETH into BTC using renBTC and Bitcoin privacy tools Blender and ChipMixer.

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