South Korea
South Korea fines Bithumb $24 million, orders 6-month partial suspension over money laundering violations
The fine stems from approximately 6.65 million violations related to KYC and transaction restrictions.
Bithumb faces proposed 6-month partial ban over South Korea AML breaches
The suspension, according to local media reports, would only restrict virtual asset transfers for newly registered users, not affecting existing customer operations.
How this week's rout in Korean stocks might have triggered crypto's surge higher
Korea's tech-heavy Kospi has plunged 20% in the last two trading sessions, potentially pushing that country's fast-money chasing traders back into crypto.
South Korea investigates seed phrase leak in photo leading to $4.8 million crypto theft from tax authority
The National Tax Service said it had intended to provide a vivid shot of the seizure by sharing a photo.
South Korea’s Hanwha makes a $13 million bet on ‘seedless’ crypto wallets
The South Korean financial firm backs the U.S.-based blockchain company to accelerate enterprise wallet technology and real-world asset tokenization.
Bithumb admits to ‘serious flaws’ that left internal systems vulnerable to potential sabotage
The South Korean crypto exchange’s CEO Le Jae-won said the lack of proper controls led to the erroneous transfer of bitcoin worth more than $40 billion to customers. Most has been recovered.
Bitcoin crashed to $55,000 on Bithumb after exchange accidentally airdropped users 2,000 BTC
An internal reward distribution mistake briefly sent bitcoin prices sharply lower on South Korea’s Bithumb exchange after users were mistakenly credited with large phantom balances.
South Korea probes loss of seized bitcoin in phishing attack
Internal audit showed the coins were likely lost via a phishing attack during official storage, according to local media reports.
Chinese crime ring arrested in South Korea laundered over $100 million worth of crypto
South Korean customs officials said they arrested three China nationals and have referred them for prosecution. They allegedly used an unauthorized crypto exchange to launder assets.
South Korea to flip bitcoin ETF stance as part of broader crypto push
A new Digital Asset Act will regulate stablecoins, requiring 100% reserve backing and user redemption rights.
