South Korea sees record surge in suspicious crypto transactions in 2025
Hwanchigi remittances remain the largest driver of suspicious cases. Stablecoins, especially Tether, are used in cross-border laundering schemes. Lawmakers push for tighter monitoring and global cooperation. South Korea has reported…
South Korea cracks down on crypto scam after BTS star Jungkook hit in 39 billion hack
258 victims’ personal data stolen from six public and financial portals. BTS star Jungkook targeted with 8.4B won HYBE stock theft attempt. 21.3B won in virtual assets stolen, 12.8B won…
South Korea reviews ban on corporations trading virtual assets
South Korea lifts crypto ban for companies. The ban lift has been structured in a two-phase plan. The move coincides with the enactment and enforcement of South Korea’s Virtual Asset…
$60Mn withdrawn from HyperLiquid on North Korea Hacker Fears
$60Mn worth of USDC has been withdrawn from the HyperLiquid trading platform as wallet addresses linked to North Korean hackers have allegedly begun trading on the platform Experts believe these…
South Korea crypto volume hit record $34 billion: Here’s why
South Korea saw crypto trading volumes spike to $34 billion in 24 hours amid the president’s martial law order. The unrest and political chaos catalysed a panic among crypto traders,…
Crypto.com delays South Korea launch amid regulatory hurdles
Crypto.com planned to launch its trading services in South Korea on April 29. The company had acquired OK-BIT and PnLink for regulatory compliance. Despite the temporary halt, the company remains…
Do Kwon set for extradition to South Korea after Montenegro court rejects appeal
The Montenegro Appellate Court rejected Do Kwon’s appeal on impending extradition to South Korea. Kwon was arrested last year following the collapse of Terra Luna and its stablecoin UST in…
South Korea allegedly calls on Interpol for Do Kwon’s extradition amid legal twists
According to local news, South Korea is now seeking Interpol’s help for Do Kwon’s extradition from Montenegro. Terra co-founder has successfully appealed the high court extradition orders severally. Montenegrin court…
South Korea won’t allow crypto ETFs despite US approval, official says
South Korea’s Financial Services Commission (FSC) will not allow crypto ETFs despite SEC’s approval of spot Bitcoin ETFs. An FSC official says the ban on financial instutitions with regard to…
Huobi Korea ceases virtual asset trading, cites industry concerns
Huobi Korea implements upgrades and restrains some services for improved exchange. Huobi Korea to terminate local virtual asset services on Jan 29 due to industry concerns. Recent changes in ownership…