South Korea

Updates on exchange rules, enforcement, investor trends, and Korea’s active crypto trading culture.

South Korean court finds former Chairman of Bithumb ‘not guilty’ of fraud

Lee Jung-Hoon, who was accused of swindling $70 million from BK Group chairman Kim Byung-gun, was acquitted of all charges.

3 years ago

Exchanges

Binance reportedly finalizing acquisition Korean crypto exchange Gopax

Binance is reportedly completing its acquisition of Korean crypto exchange Gopax after finishing due diligence.

3 years ago

Hacks

North Korean hackers reportedly stole $1.2B in crypto since 2017

North Korea is allegedly investing these funds into its nuclear missile program.

3 years ago

Culture

BNB Chain announces its first Asia-based hackathon

The BNB hackathon event will take place in South Korea, between Dec. 17 and 19.

3 years ago

Crime

Do Kwon reportedly located in Serbia

Korean Ministry of Justice is asking Serbia to issue an arrest warrant for Terraform Labs founder Do Kwon.

3 years ago

Adoption

Busan collaborates with Crypto.com and Gate.io to advance blockchain aspirations

As part of Busan's numerous efforts to embrace blockchain, the city has signed a business agreement with crypto exchanges, Crypto.com and Gate.io.

3 years ago

Regulation

South Korea’s financial watchdog to monitor crypto whales on adherence to anti-money laundering laws

South Korea's Financial Services Commission will look into virtual asset exchanges and customers who hold significant portions of single-listed coins and stablecoins to prevent money laundering.

3 years ago

Legal

Bithumb owner to receive 8-year jail term for $70M fraud – local media

Lee Jung-hoon apologises for "making it difficult for employees and causing social pressure" as prosecution requests 8-year sentence

3 years ago

Regulation

South Korean court dismisses arrest warrant for Do Kwon’s aide

After interrogating Do Kwon's aid, Judge Jin-pyo dismissed the arrest warrant saying "it is difficult to see the necessity and significance of the arrest."

3 years ago

Legal

South Korea tightens circle on Do Kwon, arrests his aide

South Korean authorities arrested Terra's Head of General Affairs and gave Kwon 14 days to return his passport before it is invalidated.

3 years ago

People

Do Kwon deems news of $40M crypto freeze a ‘falsehood’

The Terra community is working on several ideas that could lead to the re-peg of USTC and boost the value of LUNC.

3 years ago

Crime

Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’

The WSJ reported that a spokesman for the firm claimed the failed Luna crypto asset was not a security, so South Korea’s capital-markets law did not cover it.

3 years ago

South Korea

South Korean court finds former Chairman of Bithumb ‘not guilty’ of fraud

Binance reportedly finalizing acquisition Korean crypto exchange Gopax

North Korean hackers reportedly stole $1.2B in crypto since 2017

BNB Chain announces its first Asia-based hackathon

Do Kwon reportedly located in Serbia

Busan collaborates with Crypto.com and Gate.io to advance blockchain aspirations

South Korea’s financial watchdog to monitor crypto whales on adherence to anti-money laundering laws

Bithumb owner to receive 8-year jail term for $70M fraud – local media

South Korean court dismisses arrest warrant for Do Kwon’s aide

South Korea tightens circle on Do Kwon, arrests his aide

Do Kwon deems news of $40M crypto freeze a ‘falsehood’

Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’

Popular South Korea Stories

Terraform Labs caught moving $4.8M through shell company

XRP volume is exploding in Korea because it exploits a specific gap in the country’s spot-only exchange laws

Vitalik Buterin calls out ETHW hard fork proponents as “trying to make a quick buck”

South Korea

South Korean court finds former Chairman of Bithumb ‘not guilty’ of fraud

Binance reportedly finalizing acquisition Korean crypto exchange Gopax

North Korean hackers reportedly stole $1.2B in crypto since 2017

BNB Chain announces its first Asia-based hackathon

Do Kwon reportedly located in Serbia

Busan collaborates with Crypto.com and Gate.io to advance blockchain aspirations

South Korea’s financial watchdog to monitor crypto whales on adherence to anti-money laundering laws

Bithumb owner to receive 8-year jail term for $70M fraud – local media

South Korean court dismisses arrest warrant for Do Kwon’s aide

South Korea tightens circle on Do Kwon, arrests his aide

Do Kwon deems news of $40M crypto freeze a ‘falsehood’

Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’

Terraform Labs caught moving $4.8M through shell company

XRP volume is exploding in Korea because it exploits a specific gap in the country’s spot-only exchange laws

Vitalik Buterin calls out ETHW hard fork proponents as “trying to make a quick buck”

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