South Korean ‘Coin Gate’ lawmaker cleared of all charges
Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty” of all charges on his first trial. Kim was accused of misreporting his assets to […]
Korean crypto exchange numbers fall 26% due to unclear regulations, bank access: report
A wave of closures has hit South Korean crypto exchanges, with smaller firms exiting the market as regulatory compliance and banking access remain hurdles. South Korea‘s crypto exchange market is getting smaller, as new government data shows the number of registered virtual asset service providers has dropped since last year. A Feb. 7 report from […]
Berachain debuts on South Korean Upbit and Bithumb on Feb 6
South Korean exchanges Upbit and Bithumb will add Berachain to its listings on Feb. 6, in time for the upcoming launch of Berachain mainnet. Two South Korean crypto exchanges announced that they will start providing trading support for new layer1 blockchain Berachain’s upcoming token, BERA. Trading support on both exchanges will start simultaneously on Feb. […]
South Korean city to launch its own crypto seizing system for tax evaders
A city in South Korea plans to launch its own virtual asset electronic seizing system next month to seize crypto assets belonging to tax evaders. According to South Korean media outlet Energy Kyungjae, the city of Gwacheon has announced that it will launch “its own electronic virtual asset seizing system.” The city regulators hope to […]
Metaplanet to buy 21K Bitcoin, Korean exchange users up 450%: Asia Express
Japan’s Metaplanet set to become third largest corporate holder of Bitcoin, as new Korean exchange accounts surge 450%. Asia Express Source link
South Korean P2P CEO accused of using client funds to buy crypto
The CEO of a major South Korean P2P lender has been accused of using funds for a construction project to make personal crypto purchases. According to a report by local media outlet NBN Media, an unnamed investor and private equity fund operator has been investing money into the P2P financial lender’s construction project since 2018. […]
US, Japan, South Korea warn of rising North Korean crypto hacking threats
North Korea-affiliated hackers stole at least $1.34 billion worth of digital assets in 2024. Source link
South Korean gaming giant Wemade to double down on blockchain-based social communities
South Korean game developer Wemade wants to bridge gaming and blockchain by introducing new decentralized communities in 2025. South Korean gaming giant Wemade apparently has big plans for 2025, focusing on new blockchain services and social communities. In an interview with Maeil Business Newspaper, Wemade’s chief executive officer Park Kwan-ho called 2025 a potential “turning […]
South Korean court issues arrest warrant for impeached President Yoon
A South Korean court has approved an arrest warrant for President Yoon Suk Yeol after he refused three summons requests from investigators. Source link
North Korean hackers likely behind DMM Bitcoin’s $307m attack
Japanese police revealed Tuesday that hackers affiliated with the North Korean regime are likely behind the $307 million attack on crypto exchange DMM Bitcoin. North Korean hackers are said to be behind a multi-million attack on a crypto exchange, which cost the platform over $300 million worth of crypto in stolen funds. In a Dec. […]
