South Korea Financial News

07.04 / 08:03

Hack scam U.S. Treasury US Treasury Report: North Korea and Scammers Using DeFi to Launder Dirty Money – Regulation Incoming?

The US Treasury has revealed that North Korean hackers and scammers exploit loopholes in the decentralized finance (DeFi) space to launder money and hide criminal activity.

06.04 / 15:47

defi regulation crimes Money laundering services North Korea and criminals are using DeFi services for money laundering — US Treasury

A new report from the United States Treasury Department analyzing decentralized finance concluded that actors from the Democratic People’s Republic of Korea as well as other scammers are able to exploit vulnerabilities to facilitate money laundering.

06.04 / 13:07

Provident NFT Amazon Platform Starbucks Spate of “Free NFTs” Scams Blights South Korea

South Koreans are under attack from non-fungible token (NFT) scammers who pose as bona fide project operators to drain crypto from their victims.

06.04 / 10:55

Ethereum Binance Tether Action Southern Terra Bitcoin Terra Co-Founder's Binance Funds May Be Frozen After Prosecution Request – Will the Crypto Exchange Comply?

South Korean authorities have confirmed that they have asked the crypto exchange Binance to freeze crypto belonging to the Terraform Co-founder Daniel Shin.

05.04 / 13:31

UPS Extreme CEO Pool Southern Terra Luna Bitcoin Terra (LUNA) Price Prediction 2025-2030: How long will LUNA face the heat?

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

05.04 / 10:11

Crime Man raid S Korean Police Raid Plastic Surgery, Identify Suspects in ‘Crypto Murder’ Case – Here’s the Latest

South Korean police have raided a plastic surgery clinic in connection with the suspected crypto-motivated kidnap and murder of a 48-year-old woman.

04.04 / 16:15

Southern Terraform Labs Terra faces more legal trouble as authorities seize $160 million in assets

As per a recent report by the local South Korean news outlet KBS, the Seoul Southern District Prosecutor’s Office has seized approximately $160 million in assets from eight individuals linked to the collapse of Terraform Labs.

03.04 / 21:31

Law regulation crimes Terra South Korean authorities seize $160M in assets tied to Terra employees: Report

The Seoul Southern District Prosecutor's Office has reportedly confiscated roughly $160 million worth of assets from eight people connected to the collapse of Terraform Labs, including co-founder Daniel Shin.

03.04 / 09:35

Citi Crime Man CEO Mobile Bitcoin Crypto Crime South Korea Stunned by ‘Crypto-motivated’ Murder – Is Crypto Crime on the Rise?

South Korea has been rocked by the apparent kidnap and murder of a 48-year-old woman in Gangnam, Seoul – a crime that seems to have been motivated by crypto. Four suspects have been arrested.

02.04 / 13:23

UPS Extreme CEO Compilation Pool Terra Luna Bitcoin Terra (LUNA) Price Prediction 2025-2030: LUNA faces the music as Do Kwon…

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

01.04 / 12:59

Ethereum Ripple XRP CEO Action CoinMarketCap Bitcoin surges Pump-and-dump PUMP Ripple [XRP] surges in this country, but pump-and-dump fears rise

One of the biggest talking points in the crypto space over the last few weeks has been the meteoric rise of Ripple [XRP]. Ripple Labs, which has been locked in a controversial, two-year-long lawsuit, saw the price of its native token surge 15% over the last seven days and nearly 16% from what it was a month back, data from CoinMarketCap revealed.

01.04 / 09:51

regulation Altcoin Court LUNC Terraform Labs Terra Low Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk

A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder.

31.03 / 17:07

Blockchain Web3 Gaming Asia Sky Mavis Asia’s gaming giants bet on Web3 to transform the global gaming landscape

The Web3 gaming sector is growing fast, accounting for half of the entire blockchain industry in terms of on-chain activity. Asia Pacific is leading the trend, with China alone having over 700 million players ready to adopt blockchain-based games.

30.03 / 17:53

regulation crimes Terra Jail Time Terra co-founder Do Kwon's jail time in Montenegro will be harsh: Report

Do Kwon, currently in custody in Montenegro and potentially awaiting extradition to the United States or South Korea, will reportedly face harsh conditions in the country’s penal system.

30.03 / 15:29

regulation Terra Luna Extradition US or South Korea: Terraform Labs Co-Founder Do Kwon Extradition Fate to Be Decided by Judge

A judge will decide whether Do Kwon will be extradited to the United States or South Korea, Montenegro’s justice minister, Marko Kovac, reportedly said.

30.03 / 13:37

Citizens Terraform Labs Extradition Do Kwon’s extradition is being sought by these countries

Terraform Labs co-founder Do Kwon’s arrest in Montenegro earlier this week has become one of the biggest developments in the crypto industry so far.

30.03 / 11:43

Blockchain Luna Terraform Labs Co-Founder Do Kwon Appeals Extended Detention

Do Kwon, the co-founder of Terraform Labs, was recently arrested at Podgorica airport in Montenegro for attempting to fly to Dubai using fake documents. Following his arrest, the Montenegrin court approved a 30-day extension to Kwon's detention period, which is longer than the usual 72-hour period allotted by authorities.

30.03 / 11:43

Digital Platform LinkedIn Terra co-founder sought for arrest

South Korean authorities are intensifying their efforts to track down and arrest Shin Hyun-Seong, also known as Daniel Shin, co-founder of cryptocurrency platform Terra. This follows the recent arrest of his fellow co-founder, Do Kwon, who was detained in Montenegro while attempting to board a plane using fake travel documents.

30.03 / 09:37

UPS CBDC Digital JPY Bank of Japan Boss Hints CBDC & Stablecoins Can Coexist – Is Japan Edging Toward a CBDC Rollout?

The central Bank of Japan (BoJ) has stated that regulated stablecoins and a forthcoming central bank digital currency (CBDC) can coexist – and has given the clearest signal so far that Japan will launch a digital yen.

29.03 / 16:47

Law regulation Terra Extradition US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister

Authorities from both the United States and South Korea have made efforts to have Terra co-founder Do Kwon extradited to their respective countries following his arrest in Montenegro.

28.03 / 21:51

Hackers regulation Money laundering services North Korean hackers using stolen crypto to mine more crypto via cloud services: Report

The North Korean cybercrime operator APT43 is using cloud computing to launder cryptocurrency, a report from cybersecurity service Mandiant has found. According to the researchers, the North Korean group uses “stolen crypto to mine for clean crypto.”

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