Recently the press in South Korea accused TerraForm tricked South Koreans into investing in stablecoin. As indicated by the local media KBS, the crypto platform increased its services and operations i...
Tag: Korean
South Korean officials conclude week-long raid in Terra-LUNA case
After more than a week, South Korean authorities concluded their raids on crypto companies in connection with the Terra case on July 27, Yonhap news reported. The Seoul Southern District Prosecutors O...
South Korean Prosecutors Issue Notice Upon Arrival to Do Kwon
South Korean prosecutors, who are investigating allegations of fraud related to the collapse of Terra and Luna, have issued a “notice upon arrival” to Terraform Labs CEO Do Kwon, who is sa...
South Korean prosecutors request ‘notification upon arrival’ on Terraform Labs
LUNA Price at the time of writing – $1.71 Terraform Labs CEO is reportedly residing in Singapore Shin reiterates that he cut ties with Terraform Labs in 2020 South Korean examiners researc...
South Korean Financial Regulators Look Into Suspicious $3.2 Billion Remittances With Crypto Links
– Advertisement – The Korean Financial Supervisory Service (FSS) probes all banks as they investigate suspicious foreign exchange transactions. South Korean news agency Yonhap reveals in a...
South Korean Prosecutors Firing Up Against Illicit Bitcoin ‘Kimchi Premium’ Transactions
South Korean Prosecutors are suspicious of illegal foreign exchange trading Watchdogs are in strong doubt about money laundering and illegal forex trading FSS is going head-on against the two lenders...
FTX holds discussions to acquire South Korean crypto exchange Bithumb
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX is accelerating his acquisition spree with plans to acquire the South Korean-based Bithumb crypto exchange. The acquisition was confirmed...
South Korean Prosecutors Raid Home of Terraform Labs Co-Founder – Regulation Bitcoin News
A team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the ...
First Starbucks, then Amazon, now a Korean BBQ restaurant union. Wage workers know they deserve more
Steven Chung, a former head waiter at Genwa Korean BBQ, poses for a portrait on the same street as the restaurant in Los Angeles in July 2019. (Marcus Yam / Los Angeles Times) Three years ago I wrote ...
South Korean Prosecutors Raid Daniel Shin- Allegations Concern the LUNA Crash
The house of Daniel Shin was raided by the authorities to investigate the illegal activity behind Terra’s collapse. As reported in a Bloomberg article. Chai Corp, a payment app by Co-founder of Terraf...
FTX Rumored to Be in Talks to Purchase South Korean Exchange Bithumb
FTX is rumored to be in talks with South Korean exchange Bithumb over a possible acquisition. The talks are at an advanced stage, says one source, and have been taking place over the last few months. ...
Sam Bankman-Fried’s FTX May Buy South Korean Crypto Exchange Bithumb: Report
This crypto winter, rumors of FTX rescuing or acquiring struggling crypto companies have proliferated—and now South Korean crypto exchange Bithumb is said to be on FTX CEO Sam Bankman-Fried’s shopping...
FTX Reportedly in Talks to Buy South Korean Exchange Bithumb
Conversations about the acquisition have been ongoing for several months, according to Bloomberg Founded in South Korea in 2014, Bithumb has grown to become one of South Korea’s “big four” cryptocurre...
FTX is reportedly looking to buy South Korean crypto exchange Bithumb
FTX, the cyptocurrency exchange firm founded by crypto billionaire Sam Bankman-Fried, is looking to acquire South Korea-based crypto platform Bithumb. Reports of the potential acquisition surfaced on ...
Korean crypto startup Uprise to compensate investors after disastrous LUNC short trade
South Korean crypto investment company Uprise plans to compensate investors for damages incurred during its futures bet on Luna Classic (LUNC) — a token that was built on the ruins of the failed Terra...
South Korean Prosecutors Intensify Investigations Against Terra & Do Kwon
It’s been more than two months since Terra (LUNA) collapsed, but the investigation around its founder Do Kwon does not seem to end. As per the recent developments, co-founder of TerraForm Labs, Danie...
South Korean Prosecutors Raid Crypto Exchanges in Association with TerraLUNA Investigation
South Korean prosecutors have executed raids on seven local crypto exchanges as part of the ongoing investigation into Terraform Labs’ activities. Search and seizure operations have been carried out o...
Korean Investigators Raid Home Of Terra Co-Founder As Investigation Of Terra Collapse Heats Up
– Advertisement – Daniel Shin comes under scrutiny in the Terra collapse investigation. In a report today, Bloomberg has confirmed that investigators included the home of Terra Co-founde...
7 South Korean Crypto Exchanges Raided In Connection with TerraUSD Crash: Report
Transaction records and other documents were taken from Upbit, Bithumb, Coinone on Wednesday Do Kwon’s tax records were reportedly obtained from authorities to check whether he evaded taxes Cryptocurr...
South Korean Government Postpones 20% Taxation on Crypto Assets Till 2025
The South Korean government announced Thursday the suspension of the 20% tax imposed on crypto incomes set within the limit of 2.5 million won ($1,942.20) till January 2025, citing “the lack of an inv...
North Korean Hackers Are Posing as Top Developers to Steal Crypto
North Korean hackers are posing as excellent candidates in recruitment drives. This is so they are employed in Web3 companies. Once in, they can steal all of the digital assets of the companies that h...
Upbit, Bithumb among Korean crypto exchanges hit in Terra fraud raid
Korean prosecutors investigating a case of fraud linked to the collapse of stablecoin protocol LUNA and its sister-asset TerraUSD (UST) have raided seven crypto exchanges in the country, reports Yonha...
Korean Prosecutors Raid Crypto Exchanges in Terra Probe
Offices of Upbit and several other cryptocurrency exchanges were raided on Wednesday by a team of investigators probing a fraud case in connection with the collapse of Terraform Labs’ sister tok...
Terra Investigation Picks up Pace as South Korean Prosecutors Raid Top Exchanges
Alex Dovbnya South Korean prosecutors raided top exchanges amid Terra investigation South Korean investigators from the Seoul Southern District Prosecutors Office raided top cryptocurrency exchanges, ...
DOJ Seizes $500K in Ransom Payments, Cryptocurrency From State-Sponsored North Korean Hackers – Regulation Bitcoin News
The U.S. Department of Justice (DOJ) has seized $500K in ransom payments and cryptocurrency from a state-sponsored North Korean group. “We are returning the stolen funds to the victims,” Deputy Attorn...