Key Takeaways South Korean authorities have asked crypto exchanges to freeze assets linked to the Luna Foundation Guard, KBS has reported. It comes after LFG faced questions over how it had spent its ...
Tag: Korean
Litecoin confidential transactions spook Korean exchanges
The recent privacy-focused MimbleWimble upgrade on the Litecoin (LTC) blockchain has prompted two of Korea’s largest crypto exchanges to issue investment warnings about the fifth-largest cryptoc...
Korean Prosecutors Consider Bringing Ponzi Scheme Charges Against Terraform Labs’ CEO
The Seoul Southern District Prosecutor’s Office in Korea is investigating whether it can bring charges of a Ponzi scheme against Terraform Lab’s CEO, Do Kwon. The prosecutor’s department in Korea is l...
South Korean Regulators Introduce New Frameworks To Protect Cryptocurrency Investors
Some jurisdictions are recently putting up regulatory measures to curb cryptocurrency asset investment challenges. Among the many countries on this move is South Korea. The government is making a few ...
South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion
Terraform Labs and co-founder Do Kwon continue to attract more legal trouble in the wake of the collapse of the Terra ecosystem. After early reports of a possible congressional hearing and an investig...
South Korean Regulators to Speed Up Enactment Of Crypto Laws After Luna Incident ⋆ ZyCrypto
Advertisement     With the collapse of Terra’s LUNA and UST stablecoin sending shockwaves across the global virtual currency market, Korean financial authorities have ...
Will Terra Founder Do Kwon Be Held Accountable Following Three South Korean Investigations?
– Advertisement – Terra Founder Do Kwon is falling deep into investigations. So a question arises Will Terra Founder Do Kwon Be Held Accountable Following Three South Korean Investigatio...
Major Korean law firm decides to sue Do Kwon after UST collapse
LKB & Partners, one of the top law firms in South Korea, has decided to sue Terraform Labs founder and CEO Do Kwon after the sudden collapse of TerraUSD (UST) last week, Korean media reported on W...
Did Do Kwon Dissolve Terra LUNA’s Korean Entity Days Before Crash? Know The Truth
Do Kwon, the creator of Terraform Labs, has a new Wikipedia article up and running that details his fall from grace. According to Wikipedia, Do Kwon attempted to dissolve Terraform Labs in Korea just ...
South Korean government revives ‘Grim Reapers’ amid Terra`s collapse
The global financial situation is bleak at the moment. The cryptocurrency industry has suffered the most, and its consequences have been harsh. The Terra LUNA and UST market crashes have devastated in...
South Korean legislature considering new licensing system for cryptocurrencies
Regulators in South Korea have issued a new report that offers a bevy of recommendations The new report suggest how to properly govern the country’s crypto industry The new regulations would be stric...
South Korean Law Firm to File Suit Against Terraform Labs CEO, Co-Founder
Terraform Labs founder and CEO Do Kwon and co-founder Daniel Shin could soon be facing lawsuits and property seizures in the aftermath of the Terra meltdown last week. LKB & Partners law firm told...
Terra Co-Founders Face Lawsuit from Korean UST and LUNA Investors
In the aftermath of Terra’s collapse, co-founder Do Kwon now faces legal pressure from affected Korean investors. They’ve filed both criminal and civil lawsuits, alongside an order to seize Kwon’s ass...
South Korean Politician Demands Parliament To Investigate TerraUSD’s Collapse
The “People Power Party” representative, a South Korean politician Yoon Chang-Hyeon called a parliamentary hearing on TerraUSD (UST) due to its sudden collapse last week. According to a report from So...
South Korean legislature considering new licensing system for crypto
A report commissioned by South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way of protecting investors. The report ...
US Federal agencies warn businesses against mistakenly hiring North Korean hackers
The Federal Bureau of Investigations (FBI) has alerted the general public and businesses against unwittingly hiring North Korean IT workers. In a joint statement released with the U.S. Department of T...
Terra faces litigation from South Korean investors over failed UST investment
After the abrupt crash of Terra’s UST last week, a popular South Korea-based law firm, LKB & Partners, is set to sue Do Kwon on behalf of South Koreans who invested in the asset, according to loca...
U.S. Agencies Warn of Hiring North Korean IT Workers Online
U.S. government agencies have issued a warning about hiring North Korean IT workers and published a fact sheet on how to identify them. The United States Treasury and other agencies posted the fact sh...
Leading Korean law firm to sue Do Kwon amid UST and LUNA ordeal
Following the stunning collapse of TerraUSD (UST) last week, LKB & Partners, one of South Korea’s top law firms, has decided to prosecute Terraform Labs founder and CEO Do Kwon. Korean media relea...
North Korean workers are getting crypto jobs online, US agencies warn
advertisement Using virtual private networks (VPNs) and online payment platforms, North Korean workers are apparently getting freelance work in the tech sector, particularly in crypto. The Department...
Terra’s Co-founder Summoned by South Korean Government Over Recent Collapse
33 mins ago | 2 mins read Altcoin News Do Kwon was requested to appear in front of the Korean parliament. Kwon has put up a proposal to salvage the ecosystem. The steep decline of Terra (LUNA) and the...
South Korean lawmaker suggests summoning Do Kwon to the national assembly
Yun Chang-hyeon, a lawmaker in South Korea’s ruling party, People’s Power, has suggested summoning Terraform Labs’ founder Do Kwon to a parliamentary hearing. A report unveiled this news today, noting...
TerraUSD Collapse ‘Emergency’ Inspections of Korean Crypto Exchanges
The collapse of TerraUSD has spurred financial authorities in South Korea to launch “emergency” inspections of domestic cryptocurrency exchanges. South Korea’s Financial Services Commission (FSC) and ...
Terra Founder Do Kwon To Be Summoned By The South Korean Government
The South Korean Government planning to summon Terra founder Do Kwon for a parliamentary hearing over the Terra crash. A representative of South Korea’s ruling People Power Party, Yoon Chang-Hyeon, ha...
South Korean Regulators Call for Emergency Inspection after LUNA Crash
As a result of the recent collapse of the TerraUSD and LUNA cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digit...
South Korean Congress Calls Terra Founder Do Kwon To Explain LUNA And UST Fall
– Advertisement – South Korean Congress Calls Terra (LUNA) Founder. According to the South Korea Local newspaper, NEWSPIM, South Korean lawmakers requested that Terra founder Do Kwon and...
South Korean Legislator Calls for Do Kwon to Appear before National Assembly
Yun Chang-hyun, a South Korean lawmaker, on Tuesday proposed that the founder of Terraform Labs, Do Kwon, be summoned before the country’s National Assembly for a hearing. Local media outlet, Newspim,...