Hong Kong police investigate $15.4 million scam on Hounax trading platform

The Hong Kong Police have initiated an inquiry into Hounax, a cryptocurrency trading platform, following numerous complaints totaling $15. 4 million in reported scams, the South China Morning Post reported on Nov.

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DPRK hackers impersonate South Korean officials to steal crypto

According to South Korea’s National Police Agency, the hackers stole the information of 1,468 victims between March and October 2023. North Korean hackers are now trying to lure victims by pretending to be South Korean officials and journalists in a…

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Malaysian man falls victim to $200k crypto scam

A Malaysian man, aged 42, has become the latest victim of a cryptocurrency scam, losing nearly RM1 million (approximately $212,000) of his savings. According to Johor Baru South Police assistant commissioner Raub Selama, the victim, who has not been named,…

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Kraken helps UK police in recovering $2m in stolen crypto

Crypto exchange Kraken teamed up with SEROCU in “Operation Hyphen” to successfully retrieve and return over $2 million in cryptocurrency stolen in a major scam. The South East Regional Organised Crime Unit (SEROCU), with the help of the cryptocurrency exchange…

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Hong Kong social media star arrested for promoting controversial JPEX crypto platform

Hong Kong police officers have arrested crypto influencer Joseph Lam Chok for promoting the JPEX crypto platform, South China Morning Post reported on Sept. 18. Per the report, the police questioned the social media celebrity, and his company at the  Entertainment building in Central was raided.

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Hong Kong police received over 80 complaints against JPEX crypto exchange

JPEX crypto exchange has been named in at least 83 complaints to the Hong Kong police as of Friday, the South China Morning Post reported on Sept. 16. The complaints involve cryptocurrencies worth $4.

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UK Regulator Ramped Up Campaign Against Crypto ATMs in May and June

The financial watchdog conducted inspections in conjunction with the South West Regional Organized Crime Unit and the police forces of Greater London, Bedfordshire and Hertfordshire.

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South Korea and the US seek extradition of Do Kwon

Do Kwon, the co-founder of Terraform Labs, who was detained by Montenegrin police, is wanted by the United States and South Korea.

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Terraform Labs’ Do Kwon allegedly arrested in Montenegro

Montenegrin police have detained “the most wanted fugitive in the world” — Do Kwon, a South Korean national, co-founder, and CEO of Terraform Labs based in Singapore. According to Filip Adzic, Montenegro’s interior minister, Kwon, responsible for over $40 billion…

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BREAKING: Luna Founder Do Kwon Reportedly Arrested In Montenegro

Per a report from Bankless, Terra (LUNA) co-founder Do Kwon was allegedly arrested in the region of Podgorica, Montenegro. South Korean authorities and the International Criminal Police Organization (Interpol) were on the hunt for Kwon for his alleged involvement in the collapse of the Terra ecosystem.

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South Korean police raid Hancom Inc offices, chairman’s home over slush fund suspicions

South Korean police agents raided the offices of software maker Hancom Inc and the home of Hancom Group chairman Kim Sang-Cheol on suspicions of manipulating the price of Arowana tokens and creating a slush fund on October 20, according to local media reports.

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Do Kwon a wanted man as Interpol issues ‘Red Notice’

Terraform Labs founder Do Kwon is facing an international arrest warrant, days after South Korean prosecutors expressed concern that he was “on the run. ” On Monday, South Korea police revealed that they had sought help from Interpol to have the Terra boss arrested.

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Do Kwon Issued Red Notice From International Police After $60 Billion Crypto Wipeout Mess

International Police (Interpol) has issued a red notice on Do Kwon, Terra Labs co-founder, according to the information given by South Korean law enforcement officers. South Korea says Do Kwon is to blame for the $60 Billion digital asset wipeout…

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Legal troubles mount for Terraform Labs as Seoul police investigate

South Korean authorities are currently investigating Terraform Labs and its employees on several charges including tax evasion and market manipulation.

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Terra: South Korean Police Investigate Employee Who Allegedly Stole Bitcoin

Seoul Metropolitan Police Agency is reportedly launching inquiry against Terraform labs employee

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Korean Police Seek To Freeze Assets Linked To The Embattled Luna Foundation Guard

According to local media reports, South Korean police are looking to freeze Luna Foundation Guard’s funds following this month’s historic collapse of the Terra network’s LUNA and UST tokens.

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Korea Turns Against Luna Head as Police Request LFG Fund Freeze 

South Korea is starting to turn the screws on Terraform Labs and Luna CEO Do Kwon as UST stablecoin saga takes another twist. The post Korea Turns Against Luna Head as Police Request LFG Fund Freeze  appeared first on BeInCrypto.

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South Korean police request exchanges freeze LFG related funds

Police in South Korea contacted the country’s leading exchanges to freeze any funds linked to the embattled Luna Foundation Guard.

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Korean cybercrime unit requests exchanges to freeze LFG assets: Report

South Korean police have reportedly requested exchanges to ‘freeze’ the assets of the Luna… The post Korean cybercrime unit requests exchanges to freeze LFG assets: Report appeared first on Coin Journal.

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Korean Police Request LFG Asset Freeze: KBS

Several exchanges are due to meet with South Koreas ruling party to discuss the Terra depeg incident, and whether they should be accountable for investors lost funds. Police Investigating LFG...

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Increasing Number of Financial Regulators Are Leaving for Crypto Exchanges, Warns South Korea

South Korean politicians are raising concerns over cryptocurrency brain drain, and they are calling on public officials to stop joining crypto companies for bigger paychecks. According to a Financial Times report, an increasing number of financial regulators and police officers are leaving for crypto firms as the industry bolsters its compliance divisions.

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Police Conduct South Australia's Record-Breaking Crypto Seizure

A record-breaking amount of crypto was confiscated during a drug bust in South Australia

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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.

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South Koreans lost $5 billion to crypto crimes in the past four years

South Korean police arrested 14 people involved in a cryptocurrency fraud case totaling $3. 5 billion earlier this month, bringing the country’s losses to $5 billion in the last five years, reported the South Korean daily newspaper Hankyoreh on the 26th.

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South Korea To Monitor Cryptocurrency Phishing Due To High Phishing Reports

South Korea's Ministry of Science and ICT is working with the Korean National Police Agency to bust the growing crypto phishing websites through a new system, Yonhap reports. This follows a rise in phishing attempts targeting crypto users.

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South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud

Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors.

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South Korea Cracking Down on Illegal Crypto Transactions

This follows a meeting on Monday wherein authorities planned to eliminate the use of crypto for money laundering and other financial crimes. These authorities include the Financial Services Commission (FSC), the Ministry of Justice, the National Police Agency, and the Ministry of Strategy and Finance.

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Coinbit Execs Charged with Market Manipulation; ‘Wash Traded’ $84 Million in Crypto

South Korean authorities are pushing for Coinbit executives' prosecution for wash trading and market malpractices on their exchange. Local reports from Seoul’s financial website, Newspim, confirm that Seoul Metropolitan Police Agency has handed over Coinbit’s chairman Choi Mo and two other unnamed executives at the exchange to the prosecution office for market manipulation charges, forgery, […] The post Coinbit Execs Charged with Market Manipulation; ‘Wash Traded’ Million in Crypto first appeared on BitcoinExchangeGuide.

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South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme

A South African regulator along with the country’s police have reportedly seized electronics devices and computers belonging to two principal members of Mirror Trading International (MTI), an alleged bitcoin Ponzi scheme.

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Mastermind in Alleged Billion Dollar Crypto Ponzi Scheme Arrested

Santiago Fuentes, CEO of Arbistar 2. 0, was finally tracked down and taken into custody on Thursday, Oct. 22, at one of his residences in Tenerife, Spain, by police in south Tenerife, according to sources from the National Police, local news outlet Canarian Weekly reported on Oct.

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South Korean behemoth Bithumb up for sale

After two police raids in a space of one month, South Korea’s Bithumb is...

The post South Korean behemoth Bithumb up for sale appeared first on Coin Journal.

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South Korean Police Seize Shares From Major Bithumb Shareholder

South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon. According to a local media report, the police raid – the third on the exchange this month – follows a September 14 ruling from the Seoul Central District Court.

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South Korean court freezes Bithumb investor’s shares

The news comes after South Korean police conducted two consecutive seizures in a matter of a week. Bithumb is among the biggest cryptocurrency exchanges in South Korea. Though its customers have started to worry about using the platform for trading and storing their digital assets due to privacy reasons.

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South Korean police seize Bithumb shares in third raid this month

The plot thickens as Bithumb director’s shares are seized after he had applied for the seizure of the chairman's shares.

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Bithumb Cryptocurrency Exchange Raided by South Korean Police For The Second Time

On Sept. 7, the Seoul Metropolitan Police Agency's Intelligent Crime Investigation Unit raided the country’s largest cryptocurrency exchange, Bithumb, for the second time in less than a week. According to reports from the local newspaper, Seoul Shinmun, the raid aims to collect additional evidence about the case opened against the Chairman of the board of […] The post Bithumb Cryptocurrency Exchange Raided by South Korean Police For The Second Time first appeared on BitcoinExchangeGuide.

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South Korean cryptocurrency exchange Bithumb faces a setback

Despite being the biggest cryptocurrency exchange in South Korea, Bithumb becomes the second crypto-exchange to be under the investigation of the police. Reportedly, the Seoul Metropolitan Police is closely investigating the exchange to store essential shreds of evidence.

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Korean authorities raid Bithumb crypto exchange again

South Korean police have reportedly raided Bithumb cryptocurrency exchange offices again in an additional seizure search according to The Seoul Newspaper. Much like the first raid that took place on 2The post Korean authorities raid Bithumb crypto exchange again appeared first on AMBCrypto.

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Fifth Largest Bitcoin Exchange Bithumb Raided by South Korean Police

The Seoul Metropolitan Police Agency raided Bitcoin exchange Bithumb to execute search and seizure orders based on fraud allegations. 

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Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case

South Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder.

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Blockchain Bites: How SushiSwap Drove Uniswap to DeFi’s Top Spot

A South Korean crypto exchange has been raided by police, Bitcoin's Lightning Network hit a new high and mining revenues are climbing.

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Bitcoin Futures Open Interest Collapses as BTC Crashes 6 Percent

The market was shaken by news of South Korea's largest crypto exchange being investigated by police

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Bithumb Raided by Korean Police as Fraud Investigation Continues

Authorities in Seoul have reportedly raided the offices of Bithumb, the largest cryptocurrency exchange in South Korea. According to local news outlet Seoul Shinmun, a special crime unit at the Seoul Metropolitan Police Agency conducted a search and seizure operation at Bithumb’s headquarters in the Gangnam District on Sept 2.

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Police Reportedly Raid Headquarters of Bithumb, South Korea’s Largest Exchange

Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud.

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Seoul police reportedly investigating South Korea's largest crypto exchange Bithumb

Another exchange in South Korea comes under the police spotlight.

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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.

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Police Raid Major Korean Crypto Exchange

South Korean police raided the offices of Coinbit, one of the country’s major crypto exchanges. Insiders leaked that the exchange manipulated 99% of its trade volume and police also accused the management of fraud.

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Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades

Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well as other sites elsewhere.

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South Korean Exchange, Coinbit, Accused Of Wash Trading 99% Of Its Volume; Profited Close to $84 Million

One of Korea’s largest cryptocurrency exchange is under investigation after the Seoul Metropolitan Police found evidence of wash trading of over 99% of its volumes. According to local reports from Seoul Shinmun, the police have seized Coinbit exchange headquarters in Gangnam district and some property around the country as investigations continue.

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Blockchain Bites: Major Acquisitions, Bitcoin Futures Liquidations and the SEC’s New Rules

FTX acquired Blockfolio, ConsenSys acquired Quorum and police have seized the third largest exchange in South Korea.

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