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Crypto News

South Korea’s Largest Crypto Exchange Upbit List Hyperlane ($HYPER) Leading the Token to Skyrocket by 160% in Minutes

South Korea’s largest cryptocurrency exchange, Upbit, has officially listed Hyperlane (HYPER) on its Korean Won (KRW) market, igniting a dramatic 160% price increase within...
Crypto News

South Korea’s Eight Biggest Banks Mull To Form JV to Launch Won‑Backed Stablecoin

Eight major South Korean banks are collaborating with the Open Blockchain, DID Association, and the Financial Settlement Institute to launch a Korean won-backed stablecoin...
Crypto News

South Korean Court Sentences Two Individuals for Operating USDT-Based Crypto Laundering Scheme

A South Korean court has sentenced two Vietnamese nationals to two years in prison each for their involvement in a crypto-based money laundering operation...
Crypto Hacks

Upbit Returns $6M (8.5Billion Won) To Crypto Scam Victims, 380 Users Compensated

In a notable development for cryptocurrency investor protection, Upbit, a prominent virtual asset exchange, has announced a substantial refund of approximately 8.5 billion won...
Crypto Hacks

South Korea Confirmed The Lazarus Group Was Behind The 342K Stolen ETH Upbit Hack In 2019

South Korean police today, on 21st November, have confirmed that the North Korean cybercriminal groups Lazarus and Andariel masterminded the 2019 theft of 342,000...
News

South Korean City of Paju to Seize Cryptocurrency from Tax Evaders

South Korean authorities of the city of Paju have decided to seize and sell the crypto assets of those citizens who have been getting...
Exchange News

Crypto Exchange Upbit Under South Korea’s FIU Radar For 500K Cases Of KYC Violations

Upbit, South Korea's largest cryptocurrency exchange, is under scrutiny from the Financial Information Analysis Institute (FIU), an arm of the Financial Services Commission. The...
News

South Korean Court Backs Bank’s Decision To Fire Employee Playing Crypto Games

South Korean court has decided to back the decision of a bank operating in the nation that fired an employee for allegedly indulging in...
News

Regulators in South Korea Pledge Closer Monitoring of Trump-Victory Fueled Market Volatility

In response to the volatility stemming from the U.S. presidential election, the Financial Supervisory Service (FSS) of South Korea has decided to bolster its...
News

Former Fantom CEO Faces Setback as South Korean Supreme Court Dismisses Appeal

In a decisive ruling that marks the end of a prolonged legal battle, South Korea's Supreme Court has dismissed the appeal of Byung-Ik Ahn...
News

South Korea Sees 21% Surge in Crypto Investors in 2024 First Half Amid BTC Rise

South Korea has seen a significant increase in its crypto investors base as a young crowd's peeking interest combined with the rise in Bitcoin...
News

South Korea To Monitor Cross-Border Crypto Trade Amid Rise in Scrutiny for The Sector

South Korean government will most likely introduce new regulations to monitor cross-border crypto transactions. According to local media reports, to combat tax evasion and...
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