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The $290 Million KelpDAO Hack Linked to North Korea Wiped $13 Billion From DeFi in Two Days
A $290 million exploit on KelpDAO’s cross-chain bridge on April 18, attributed by LayerZero to North Korea’s Lazarus Group, sent shockwaves through DeFi and erased more than $13 billion in total value locked across protocols within 48 hours. Attackers drained… дальше »
2026-4-23 00:15 | |
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33 face heat in Korea over alleged $1.48 billion in crypto transfers
Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1. 69 trillion won ($1. 48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today. дальше »
2021-7-8 07:00 | |
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Lawsuit Accuses Korean Crypto Exchange of $3.5 Billion Scam, Tens of Thousands Defrauded
A class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors. The police reportedly estimate that 69,000 people have invested with the crypto exchange and the damage amounts to 3. дальше »
2021-6-5 16:00 | |
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Korean tax officers seize $22M in crypto directly from exchange accounts
South Korea’s Seoul metropolitan government has seized 25 billion won ($22 million) worth of crypto from tax evaders—directly out of their exchange accounts, local news outlet Yonhap reported yesterday. дальше »
2021-4-25 03:33 | |
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Morgan Stanley Participating in the Acquisition of South Korea’s Top Crypto Exchange, Bithumb
Morgan Stanley is bidding for the acquisition of South Korea-based cryptocurrency exchange Bithumb for a $2 billion valuation, reported a local publication. The article circulated on the leading local search engine Naver. дальше »
2021-3-19 17:06 | |
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South Korean Crypto Transactions Command an Average of $7 Billion per Day on Domestic Exchanges
An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day. Local media outlets are returning to adopt the term “crypto fever” as the recent billion-dollar figures confirm such a trend. дальше »
2021-3-9 05:30 | |
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Blockchain at the center of Korean island’s $5 billion development plan
Won Hee-ryong, the governor of Korea’s Jeju island, has announced a $5 billion government investment plan focused on developing blockchain and IoT technologies. The post Blockchain at the center of Korean island’s $5 billion development plan appeared first on CryptoSlate. дальше »
2020-10-15 19:00 | |
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S. Korea’s Major Crypto Exchange Bithumb Up for Sale Again, Report
The owners of Bithumb are reportedly looking to sell the cryptocurrency exchange once again. The asking price is believed to be at least 500 billion won (around $430 million). Bithumb was last up for sale in 2018. дальше »
2020-9-23 20:21 | |
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South Korean Police Seize Coinbit Crypto Exchange Over $84 Million Wash Trading Allegations
Police in South Korea has seized Coinbit, the third-largest cryptocurrency exchange in the country, over allegations of wash trading activity, amounting to over 100 billion WON ($84 million) in faked income. дальше »
2020-8-28 01:31 | |
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How CROSS ENF Earned the Trust of Migrants in Korea with Low-Cost Real-Time Payments Powered by Ripple
For many years, South Korea’s $33 billion remittance market was controlled by the country’s banks. When new regulations allowed non-bank companies to enter the market in 2017, Cross Enf (formerly known as Coinone Transfer) partnered with SBI Ripple Asia, a joint venture between Ripple and SBI Holdings, to create Cross, South Korea’s first blockchain-based remittance … Continued The post How CROSS ENF Earned the Trust of Migrants in Korea with Low-Cost Real-Time Payments Powered by Ripple appeared first on Ripple. дальше »
2020-11-19 21:33 | |
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How Cross Enf Earned the Trust of Migrants in Korea with Low-Cost Real-Time Payments Powered by Ripple
For many years, South Korea’s $33 billion remittance market was controlled by the country’s banks. When new regulations allowed non-bank companies to enter the market in 2017, Cross Enf (formerly known as Coinone Transfer) partnered with SBI Ripple Asia, a joint venture between Ripple and SBI Holdings, to create Cross, South Korea’s first blockchain-based remittance … Continued The post How Cross Enf Earned the Trust of Migrants in Korea with Low-Cost Real-Time Payments Powered by Ripple appeared first on Ripple. дальше »
2020-10-22 21:33 | |
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How Coinone Transfer Earned the Trust of Migrants in Korea with Low-Cost Real-Time Payments Powered by Ripple
For many years, South Korea’s $33 billion remittance market was controlled by the country’s banks. When new regulations allowed non-bank companies to enter the market in 2017, Coinone Transfer partnered with SBI Ripple Asia, a joint venture between Ripple and SBI Holdings, to create Cross, South Korea’s first blockchain-based remittance service. дальше »
2020-4-11 21:33 | |
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South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. дальше »
2019-12-31 00:40 | |
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UN Report: “North Korea Raised Over $2 Billion USD in Cryptocurrency and Fiat Currency Hacks for Nuclear Missions”
Cryptocurrency exchanges and banks losing money to North Korea hackers to fund for their nuclear missions, a confidential U. N report states. In an exclusive research report published on Reuters from an exclusive U. дальше »
2019-8-6 20:31 | |
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United Nations Report Indicates that North Korea’s Nuclear Weapons were Funded by Cyber Attacks
A privileged United Nations report confirms what everybody was suspecting so far: North Korea has been funding their nuclear program through orchestrated cyber-attacks from hacker groups set up and funded by the government. дальше »
2019-8-6 17:00 | |
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North Korea's $2 Billion Crypto Exchange Thefts Funds Kim's Nukes: UN Report
A confidential United Nations report has revealed that North Korea raked in approximately $2 billion by hacking cryptocurrency exchanges as well as mainstream financial institutions, according to Reuters. дальше »
2019-8-7 14:24 | |
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UN: North Korea Accumulating Cryptocurrency For Weapons Programs
A recent report by the United Nations has revealed that North Korea has amassed billions of dollars for its weapons programs. The loot has been pilfered from cyber-attacks and cryptocurrency exchange hacks according to the confidential dossier. дальше »
2019-8-6 14:00 | |
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North Korea Stole $2 Billion in Crypto and Fiat to Fund Weapons Programs
North Korea is funding its weapons of mass destruction via hacks of banks and crypto exchanges, says a confidential U.N. report. дальше »
2019-8-6 11:15 | |
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North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN
UN: crypto hacks make big cash for North Korean gov’t
дальше »2019-8-6 10:25 | |
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Jeremy Allaire’s Circle off to Bermuda, Indian government panel on cryptocurrencies and more
Crypto News – 23 July – Jeremy Allaire’s Circle off to Bermuda, Indian government panel on cryptocurrencies and more Don’t forget to follow us for our daily videos pic. twitter. дальше »
2019-7-23 19:00 | |
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South Korea Estimates 2-Year Losses From Crypto Crimes at $2.3 Billion
Nearly 2.7 trillion won (US$2.3 billion) have been lost to cryptocurrency crimes in the last two years, not including exchange hacks. дальше »
2019-7-23 11:10 | |
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South Korea Estimates 2-Year Losses from Crypto Crimes at $2.3 Billion
Nearly 2.7 trillion won (US$2.3 billion) have been lost to cryptocurrency crimes in the last two years, not including exchange hacks. дальше »
2019-7-22 11:10 | |
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Moonday Morning: South Korea lost $2.3 billion to cryptocurrency crimes over last 2 years
Welcome to Monday, and welcome to another Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines. Let’s take a look. 1. Damage from cryptocurrency-related crimes in South Korea over the last two years is estimated to be $2. дальше »
2019-7-22 11:04 | |
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Korea alone estimates a loss of $2.3 billion from crypto-related crimes in just two years
Following a data released by the Korean government, Korean news agency, Yonhap reported that crimes associated with cryptocurrencies have caused a financial loss of about 2. 7 trillion won which is nearly $2. дальше »
2019-7-22 23:30 | |
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Breaking: Japanese cryptocurrency exchange BitPoint hacked; 7 billion yen compromised
Ring in the hacking bells once again. BitPoint, a licensed Japanese cryptocurrency exchange, has been hacked, leaving over 7 billion yen [$64. 6 million USD] compromised. Japan is the latest to join the list of countries with crypto-exchanges subjected to cyber-attacks, joining the likes of South Korea, Canada, and New Zealand. дальше »
2019-7-12 09:30 | |
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South Korea’s Biggest Bank Teams Up with Ethereum Startup For Custody Solutions
KB Kookmin, the biggest bank in South Korea with yearly revenue of $26 billion, has signed a memorandum of understanding with Atomrigs Lab, formerly known as Atomrigs Consulting. “Through this... дальше »
2019-6-13 19:03 | |
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South Korean Bitcoin Exchanges Post Highest Fiat Influx
An average bitcoin investor in South Korea has dumped more fiat money than the one in other countries, reveals CryptoCompare. The London-based data analytics firm found that cryptocurrency exchange BitHumb has received over $16 billion worth of fiat money in April 2019. дальше »
2019-5-20 18:06 | |
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AP Company, Constructing Blockchain based Decentralized Mileage Unifying & Sharing Platform
Everyday consumers save various mileage points in market activities such as airline mileage, credit card points etc. Every platform says the user can use the saved points like cash, but it doesn’t make sense. дальше »
2019-5-2 14:33 | |
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Disney Could Soon Own Oldest Bitcoin Exchange in $13 Billion Equity Deal
An equity battle involving a South Korean gaming giant could end up with Walt Disney Co. owning two major cryptocurrency exchanges. Happy Ending For Disney And Crypto? As local news outlet JoongAng Ilbo reported quoted by Korea Herald April 17, Disney is currently one of the major bidders for a 98. дальше »
2019-4-23 18:00 | |
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Just One of Korea’s ‘Big Four’ Bitcoin Exchanges Profited in Crypto Winter 2018
By CCN. com: South Korea is the fourth most active country in the world in crypto trading, per Coinhills. This, however, did not count for much as three of the country’s top four bitcoin exchanges recorded losses in 2018. дальше »
2019-4-17 15:37 | |
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This Korean Exchange Behemoth Has $180M Net Loss In 2018 Alone
Bithumb, one of South Korea’s largest cryptocurrency exchanges, posted a 205.5 billion won ($180 million) net loss in 2018,… The post This Korean Exchange Behemoth Has $180M Net Loss In 2018 Alone appeared first on Invest In Blockchain. дальше »
2019-4-16 07:05 | |
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South Korea Crypto-Exchange Bithumb Reports $180 Million 2018 Losses
South Korea-based cryptocurrency exchange Bithumb suffered a mammoth loss of $180 million (205 billion Korean won) in 2018, reports The Korea Times, April 10, 2019. A Series of Unfortunate Events Although the current sentiment in the crypto market has a slightly positive shade to it, things were not so hunky-dory in 2018 and, the financial results reportedRead MoreRead More. дальше »
2019-4-12 13:00 | |
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Bithumb registers net loss of $180 million following Bitcoin’s price drop
Bithumb, one of South Korea’s largest cryptocurrency exchange platforms, reportedly turned in a net loss of 205 billion Korean Won, approximately worth $108 million in 2018, according to KoreaTimes. дальше »
2019-4-11 23:30 | |
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Bitcoin Exchange Bithumb’s Problems Pile Up with $180 Million Loss in 2018
Bithumb, which was hacked last month and later asked users to be careful about deposits, has reported a $180 million (205 billion Korean won) loss. The exchange suffers from reduced actual volume and a bear market in cryptocurrencies, according to the Korea Times. дальше »
2019-4-11 14:07 | |
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Russian Gold Stockpile Grows as Analysts Warn of Global Recession
Following sanctions imposed on Russia, Putin is supporting a mass gold stockpile expansion and a sale of U. S. debt holdings. With a trade war blazing, and sanctions laid across countries to force North Korea and its associates into submission, what happens to other economies? Countries like Russia are using this opportunity to step away from America’s mounting debt. дальше »
2019-3-22 23:00 | |
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Bitcoin Exchange Bithumb Announces 50% Layoffs
South Korea’s largest Bitcoin exchange, Bithumb, has announced layoffs of 50%, the latest casualty of “crypto winter. ” B A report in Korean media issued earlier today shows that the exchange will be cutting its staff from 310 to around 150. дальше »
2019-3-19 02:20 | |
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North Korea Stockpiles $650 Million in Crypto, Hypocritical UN Blames Bitcoin
North Korea has Cryptocurrency. A lot of it. In a piece from Nikkei Asian review, it was reported that experts have testified to the UN that Kim Jong Un’s regime is sitting upon more than half a billion US dollars’ worth of Crypto. дальше »
2019-3-9 18:55 | |
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Employee Embezzlement Forces South Korea’s Coinbin Crypto Exchange to Call it Quits
Coinbin, a leading South Korean digital assets exchange and cryptocurrency trading venue, has filed for bankruptcy with the Korean authorities, claiming that an employee has stolen a whopping 29. 3 billion won (about $26 million) from its coffers, according to a local news source, Business Korea on February 22, 2019. дальше »
2019-2-26 22:00 | |
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The Government of Seoul Is Looking to Close the Blockchain Funding Gap
In yet another bold step towards becoming the next blockchain hub, the city of Seoul announced on February 18, 2019, that it will offer $1 billion in funding towards blockchain and fintech firms up to the year 2022. дальше »
2019-2-21 04:00 | |
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Tron (TRX) Ready For the $5.6 Billion South Korea’s Gaming Industry
Tron prices slide 8. 5 percent in the last week Roy Liu, the business development manager, signs a deal with two of South Korea’s gaming associations Transaction volumes low, recovery depends on bull trend resumption The Tron Foundation may be hard at work, but market dynamics are exerting pressure on TRX. дальше »
2019-2-13 21:00 | |
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Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments
Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume. дальше »
2019-1-23 00:57 | |
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Bithumb Holding Company Looks to Raise US$100M in Equity Crowdfunding Campaign
Blockchain Exchange Alliance (BXA), the Singapore-headquartered holding company of Bithumb, one of South Korea’s largest cryptocurrency exchanges, is looking to raise at least US$100 million in a Bnktothefuture equity crowdfunding. дальше »
2019-1-9 20:50 | |
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Bithumb Holding Company Looks to Raise US$100M in Equity Round
Blockchain Exchange Alliance (BXA), the Singapore-headquartered holding company of Bithumb, one of South Korea’s largest cryptocurrency exchanges, is looking to raise at least US$100 million in a Bnktothefuture equity crowdfunding. дальше »
2019-1-11 20:50 | |
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Upbit Denies Cryptocurrency Wash Trading Accusations
South Korean authorities recently alleged that top executives of cryptocurrency exchange company, Upbit, falsified the company’s trading volume. Company Inflates Trading Volume by $226 billion Three top Executives of Upbit, one of South Korea’s largest cryptocurrency exchange, were recently accused of inflating the company’s trading volumes and manipulating the data system to attract investors, according to a report by The Korea Times. дальше »
2018-12-22 11:03 | |
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Officials at Top Korean Crypto Exchange Upbit Indicted for Fraud
Officials at South Korea’s largest cryptocurrency exchange, Upbit, have been indicted for fraud. They allegedly made bogus crypto orders worth approximately $226 billion and sold 11,550 BTC to around 26,000 investors. дальше »
2018-12-22 21:45 | |
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South Korea’s Second Largest City to Develop Blockchain-Enabled Virtual Power Plant
The South Korean government will be spending four billion Korean won (KRW) ($3. 500. 000) to create and deploy a “virtual power plant” based on blockchain technology reports local media outlet Yonhap News on December 10, 2018. дальше »
2018-12-12 00:00 | |
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South Korea: Shinhan Bank Turns to Blockchain Technology to Augment Financial Services
South Korea’s second largest bank has started a pilot project to implement a blockchain-based work process across a range of financial services and internal protocol management systems, reported Korea Times on December 10, 2018. дальше »
2018-12-11 04:00 | |
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