South Korea Financial News

23.02 / 17:09

security scam Sharp Rise in Dating App-based Crypto Mining Scams in South Korea

There has been a rise in scams that use dating apps to lure victims onto bogus crypto mining platforms, a South Korean security provider has claimed.

22.02 / 17:52

scam Police South Korean Police Arrest 30 in $8m ‘Crypto Scam’ Bust

South Korean police have arrested 30 people as part of an investigation into a suspected $ 8 million crypto scam. Masterminds appear to have promised investors “guaranteed gains” of up to 2,000%.

20.02 / 17:07

Terra South Korean Prosecutors Applaud ‘Meaningful’ US Do Kwon Charges

South Korean prosecutors have applauded “meaningful” charges brought against Do Kwon, the Co-founder of Terraform Labs, by the top American financial regulator.

20.02 / 12:39

Blockchain UPS Klaytn Foundation announces new governance and revamped tokenomics

Klaytn, the leading layer 1 blockchain from South Korea, is set to undergo a series of changes to its governance system and its tokenomics.

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 / 12:27

Digital SEC Luna SEC says TerraUSD founder Do Kwon misled investors

WASHINGTON—The founder of failed cryptocurrencies TerraUSD and Luna and his company misled US investors who purchased billions of dollars of the digital assets, the Securities and Exchange Commission said on 16 February.

16.02 / 13:47

Hack security freeze Binance, Huobi Freeze $1.4m Worth of Crypto in ‘North Korea-linked’ Wallets

The crypto exchanges Binance and Huobi have frozen “North Korea-linked” wallets containing “approximately $1.4 million in cryptoassets.”

15.02 / 17:19

scam Legal International Scammer French Court Jails 50-year-old International Crypto Scammer for Four Years

The 50-year-old mastermind of a “vast” and “international” French crypto scam that duped at least 14 victims out of over $375,000 has been sentenced to four years in prison.

15.02 / 16:59

business Law regulation LUNC Terraform Labs Korean e-commerce exec accused of accepting LUNA for shilling Terra Labs

South Korean prosecutors have requested an arrest warrant for the former CEO of Tmon, a Korean e-commerce platform, after taking billions of won in LUNA (LUNA), now known as LUNA Classic (LUNC), for promoting Terra as a simple payment gateway.

15.02 / 13:37

regulation SEC Kraken Staking Crypto Staking services South Korea to examine crypto staking services following the Kraken case

As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to the journalists:

15.02 / 13:37

Tax youtuber South Korean YouTuber Received “Millions of Dollars” Worth of Undeclared Crypto Income

A South Korean YouTuber received “millions of USD” worth of undeclared crypto income, tax officials have stated – following a recent crackdown on social media-based “tax dodgers.”

14.02 / 20:07

Ethereum Ripple SEC ATM Bitcoin Today in Crypto: UK Goes After Unregistered Crypto ATM Operators, S. Korea Watching the Ripple-SEC Battle, Silvergate Execs Investigated by Law Firm, Bitget to Collaborate on CBDCs

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

14.02 / 13:47

Hack lazarus North Korea’s Lazarus ‘Using New Coin Mixer to Launder Crypto’ – and It’s a ‘Blender Re-brand’

The North Korean hacking group Lazarus has turned to a new crypto mixer named Sinbad, the blockchain analytics firm Elliptic has claimed.

14.02 / 00:25

regulation SEC Kraken Staking Interpol Crypto Staking Regulation comes for crypto staking: Law Decoded, Feb. 6–13

Last week, the United States Securities and Exchange Commission (SEC) reached an agreement with cryptocurrency exchange Kraken. The latter will stop offering crypto staking services to American customers and pay $30 million in disgorgement, prejudgment interest and civil penalties.

13.02 / 20:08

Blockchain UPS Ethereum Provident CEO Action Total value locked in Ethereum-based Decentralized exchange

The Uniswap community cast their votes in support of implementing Uniswap v3 on Boba Network's layer-2 protocol on Ethereum, and the majority of those votes were positive.

13.02 / 14:07

Hack security Threat New North Korean Ransomware Threat to ‘Major Institutions’ Detected, Say South Korea, US

South Korean and United States intelligence agencies have warned that Pyongyang-based hackers are trying to hit “major international institutions” with ransomware attacks. But experts say that “overlapping sanctions” could help Seoul and Washington thwart North Korean cyber thieves.

10.02 / 12:31

Blockchain regulation South Korea sets independent sanctions for crypto theft against North Korea

South Korea announced its first independent sanctions related to cryptocurrency thefts and cyber attacks against certain North Korean groups and individuals.

09.02 / 13:49

FIVE NASDAQ CEO scam Parke Bogus Crypto Bank Chief Jailed for 10 Years After Duping Investors out of $181m

The CEO of a bogus South Korean crypto bank has been handed a 10-year jail term – after cheating investors out of a total of $181 million.

09.02 / 06:01

Sandbox Saudi Arabia's Partnership with The Sandbox Paves the Way for This New Metaverse Project – Here's Why

The Sandbox, a metaverse gaming platform, experienced a 30% surge at one point in its SAND token's price following the announcement of an MoU with the Saudi Arabia Digital Government Authority (DGA). SAND's price is currently up about 20% since February 6, as of writing, at $0.8477.

08.02 / 09:57

Government Stablecoin regulation Altcoin Terra South Korean officials traveled to Serbia to find Do Kwon

The hunt for the controversial founder of the now-collapsed Terra ecosystem, Do Kwon, has intensified with South Korean officials reportedly confirming they sent at least two people to Serbia to track him down.

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