South Korea Arrests Creators of $82.5M Cryptocurrency Pyramid
The South Korean police have arrested 22 people for their involvement in a cryptocurrency investment fraud in the city of Changwon.
South Korea Wants to Pass Bill to Freeze Crypto Used by North Korea
South Korean President Yoon Suk Yeol has issued instructions to have a bill drafted that will contain practical measures to bolster South Korea’s national security by tracking and freezing cryptocurrencies and other virtual assets used by North Korea.
Former Coinone Employee Pleads Guilty to Bribery Charges
Jung, formerly employed by South Korean crypto exchange Coinone, pled guilty to taking a bribe, according to lawyers from Yonhap. In 2020, broker Hwang Mo allegedly gave Jung 2 billion won ($1.51 million) to list certain digital assets on the platform. When authorities detained other Coinone workers in April 2023, the ‘Furier Coin’ cryptocurrency, which was traded only on Coinone, […]
South Korea’s Prosecutor Files Charges Against Terra Co-founder Daniel Shin
South Korean prosecutors indicted on April 25 Terraform Labs co-founder Shin Hyun-seung on allegations of fraudulent transactions related to the company’s cryptocurrency project.
South Korea Approves First Phase of Review of its Crypto Bill
The first phase of review for South Korea’s legislation on how to regulate digital assets was passed on Tuesday in the country’s National Assembly.
South Korea’s Authorities Raid Company of Terraform Labs’ Co-founder
South Korean prosecutors have raided a payments company founded by Terraform Labs co-founder Daniel Shin.
FTX Helps Launch a Crypto Exchange in South Korea
The South Korean city of Busan has just signed an agreement with crypto exchange FTX.
