South Korean authorities nab former Coinone staff over bribery allegation
The arrest of a former Coinone worker suspected of accepting bribes sparks a wide-scale investigation of leading digital currency exchanges in South Korea.
Latest South Korea News
Terra founder Do Kwon arrested in Montenegro
Do Kwon was arrested boarding a flight to Dubai with a second suspect, with forged Belgian and Costa Rican passports; meanwhile, the U.S. Department of Justice has unveiled eight charges against him.
Bithumb executives under probe in South Korea over alleged token listing bribery
The investigations follow a police raid on Bithumb CEO Lee Sang-jun's private residence and Bithumb's office complex in search of any incriminating evidence.
South Korean prosecutors pulling all strings to secure Do Kwon’s arrest, extradition: report
South Korea is exhausting all means to bring justice to the victims of the collapse of Terra, with prosecutors now considering issuing an extradition order to Do Kwon.
South Korea invests $51M into metaverse projects
South Korea's Ministry of Science earmarked funds will be used to prop up 13 new projects leveraging virtual worlds in the health, tourism, and education industries.
South Korea logs $4.3B worth of illegal digital currency transactions in 2022
Amid stern regulations, illegal digital currency transactions in South Korea remain high, with authorities registering over $4 billion in 2022 as demand for foreign digital assets grows.
South Korea cracks down on voice phishing linked with digital currencies
The proposed amendments to the Telecom Fraud Damage Refund Act will include heightened monitoring of the asset class and the ability to seize and freeze funds tied to scams.
South Korea: E-commerce CEO facing allegations of shilling LUNA tokens
Prosecutors alleged that the e-commerce CEO, who was identified only as Mr. A, played a major part in the collapse of Terra and may have colluded with co-founder Daniel Shin.
South Korea goes after digital currency staking services following Kraken’s debacle: report
At the moment, details and the direction of the financial regulators' investigations remain unclear largely because of the lack of staking regulations in South Korea.
Terraform Labs founder Do Kwon defrauded investors, US SEC charges say
Terra founder Do Kwon's future is looking bleak as the U.S. SEC cements the allegations against him that resulted in the collapse of the trading system by formally filing charges.
South Korea new sanctions target North Korea’s digital asset hackers
Apart from the four individuals sanctioned by South Korea for plotting and initiating cyberattacks, seven institutions were also penalized for backing North Korea's missile development.
South Korean authorities traveled to Serbia to arrest Terra’s Do Kwon
South Korean news outlets speculate that Do Kwon has been hiding out in Serbia since December 2022, but Terra’s fugitive founder continues to protest his innocence via Twitter.