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South Korea

South Korea digital currency bill sails through first legislative hurdle, launch date in view
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28 April, 2023

South Korea digital currency bill sails through first legislative hurdle, launch date in view

The bill moved past the first legislative hurdle on April 25 after members of the National Assembly voted in its...
South Korea formally charges Daniel Shin and 9 accomplices over Terra collapse
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27 April, 2023

South Korea formally charges Daniel Shin and 9 accomplices over Terra collapse

Daniel Shin has continued to protest his innocence in the Terra debacle, with his lawyers arguing that he parted ways...
Bank of Korea gets investigative power over digital asset operators as lengthy deliberations conclude
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26 April, 2023

Bank of Korea gets investigative power over digital asset operators as lengthy deliberations conclude

To promote transparency and protect users in the digital asset space, South Korea is giving its central bank the power...
Prosecutors reveal Do Kwon’s lawyers received $7M before Terra’s implosion
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19 April, 2023

Prosecutors reveal Do Kwon’s lawyers received $7M before Terra’s implosion

Terraform Labs' execs have anticipated the implosion of the Terra project only grew stronger following the discovery of a $7...
Prosecutors reveal Do Kwon’s millions are not in South Korea: report
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14 April, 2023

Prosecutors reveal Do Kwon’s millions are not in South Korea: report

Following the absence of Do Kwon’s funds in South Korea, prosecutors have written to Binance to freeze digital assets linked...
South Korea’s GDAC exchange loses $13 million in hack
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13 April, 2023

South Korea’s GDAC exchange loses $13 million in hack

Hackers targeted GDAC’s hot wallet, stealing 60 BTC, 350 ETH, and 10 million WEMIX tokens, accounting for a quarter of...
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