Japan, South Korea, and the US issue joint warning over North Korea-related crypto thefts

Japan, South Korea, and the US warned the global crypto industry about threats posed by hacks attributed to North Korean actors in a joint statement published on Jan. 14. According to the statement, groups allegedly tied to the Democratic People’s Republic of Korea (DPRK) are targeting exchanges, crypto custodians, and individual users.

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US, Japan, and South Korea warn web3 firms about hiring IT workers from North Korea

In a joint statement, the U.S., Japan, and South Korea highlight the growing threat posed by North Korean cyber actors to the global crypto sector. The United States, Japan, and South Korea have warned the blockchain industry about North Korean…

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How North Korea Infiltrated the Crypto Industry

More than a dozen blockchain firms inadvertently hired IT workers from the rogue state, incurring cybersecurity and legal risks, a CoinDesk investigation found.

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Asia & MENA Crypto Roundup: Dubai’s New Ads Rule, Worldcoin Fined $800,000 in Korea, and More

This week, the crypto industry in Asia and MENA saw Dubai introduce stricter crypto ads rules, while South Korea fined Worldcoin $800,000 for data privacy breaches. The post Asia & MENA Crypto Roundup: Dubai’s New Ads Rule, Worldcoin Fined $800,000 in Korea, and More appeared first on BeInCrypto.

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FBI warns of North Korean threat to crypto, cautions against potential ETF-related attacks

The Federal Bureau of Investigation (FBI) issued a warning about North Korea’s aggressive targeting of the crypto industry on Sept. 3. The agency detailed the sophisticated social engineering campaigns conducted by North Korean actors against employees of crypto-related businesses, notably DeFi applications.

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Do Kwon extradition to South Korea upheld as Montenegro court rejects US request

The upheld extradition underscores global regulatory efforts to hold crypto leaders accountable, potentially reshaping industry oversight and trust. The post Do Kwon extradition to South Korea upheld as Montenegro court rejects US request appeared first on Crypto Briefing.

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South Korea implements new crypto regulations, details here

South Korea's new regulations enhance user protection in the cryptocurrency industry. VASPs must keep 80% of user crypto deposits in cold storage. South Korea boasts one of the world's most The post South Korea implements new crypto regulations, details here appeared first on AMBCrypto.

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South Korea moves to delay crypto tax until 2028 amid market concerns

South Korean lawmakers have proposed a bill to delay the implementation of crypto gain tax until 2028. The ruling political party proposed the bill on July 12, citing the current negative sentiments around the crypto industry as the reason for the extension.

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Ava Labs eyes web3 integration in South Korea’s booming K-Pop industry

Ava Labs, the developer behind the Avalanche blockchain network, is working on introducing web3 technologies to enhance intellectual property management in the rapidly growing K-pop market. Justin Kim, who leads Ava Labs’ operations in South Korea, discussed the company’s strategic moves to bring blockchain solutions to the forefront of the entertainment sector in an interview […] The post Ava Labs eyes web3 integration in South Korea’s booming K-Pop industry appeared first on CryptoSlate.

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Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe

The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk.

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Dogecoin Surpasses Ethereum, XRP, Solana As The Most Traded Coin After Bitcoin

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North Korea gets 50% of foreign earnings due to weak security measures in crypto industry, UN says

A recent United Nations report highlights North Korea’s significant role in cyberattacks, particularly targeting crypto firms amid sanctions enforcement and nuclear concerns. The United Nations Security Council has released a new report, indicating North Korea‘s escalating involvement in cyberattacks, which…

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Is Lazarus Group the biggest threat to crypto in this bull market? 

Web3 security experts consider North Korea’s Lazarus Group the most prominent and sophisticated threat to the crypto industry in 2024.

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South Korea wins Do Kwon extradition rights in Terra saga

Do Kwon is set to return to his native South Korea for criminal prosecution two years after the collapse of Terra’s tokens, which shook the crypto industry.

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Crypto Scandal: Korean Celebrities Involved In Coin Fraud Allegations

An allegation of a crypto scandal has shaken the entertainment industry in South Korea. Local reports inform of an alleged coin fraud committed by an important blockchain platform in the country and involving popular figures in the Korean entertainment business.

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This Nation Will Shut Down Crypto Exchanges That Do Not Comply

South Korea's financial authorities are set to tighten the reins on crypto exchanges, with a focus on compliance and industry integrity amidst growing market scrutiny. The post This Nation Will Shut Down Crypto Exchanges That Do Not Comply appeared first on BeInCrypto.

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KT Corporation’s NFT Platform MINCL To Shut Down

Discover the reasons behind the shutdown of MINCL, South Korea's once-promising NFT platform, and its impact on the metaverse industry. The post KT Corporation’s NFT Platform MINCL To Shut Down appeared first on NFT News Today.

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Actors From North Korea Steal Digital Assets Worth $3 Billion In Six Years

Hacks and thefts are some of the drawbacks that come from the wider advantages of the crypto industry, due to the anonymity of crypto transactions. According to a new report, state-sponsored hackers from North Korea have stolen around $3 billion in digital currency since 2017, with approximately 44% of stolen cryptocurrency in 2022 traced to […]

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SK Telecom To Launch Web3 Wallet Services In South Korea

There has been significant development within the Web3 industry recently. South Korean telecommunications giant SK Telecom is set to introduce a Web3 wallet in collaboration with Aptos and Atomrigs Lab.

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Report reveals North Korea and Russia's crypto-nexus

About $22 million in stolen cryptos from the Harmony Protocol heist were transferred to a Russian exchange. Russia was the global hub of cryptocurrency laundering. The crypto industry has beThe post Report reveals North Korea and Russia's crypto-nexus appeared first on AMBCrypto.

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Web3 Doesn’t Care About Bitcoin Prices – And Other Musings From Korea Blockchain Week

A packed venue and hopeful cheers from an estimated 10,000 people attending the many Web3 panels could have made one doubt whether the industry remains in one of the deepest bear markets in its young history.

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North Korean Lazarus Group is targeting crypto companies with APT attacks 

SlowMist reveals a sophisticated APT attack by North Korea's Lazarus Group targeting the cryptocurrency industry.

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FBI links crypto betting platform's theft to North Korea

FBI stated that it would continue to “expose and combat” the North Korean regime's criminal use of cryptos. Big names in the crypto industry expressed concerns on the growing number of inciThe post FBI links crypto betting platform's theft to North Korea appeared first on AMBCrypto.

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Maker (MKR) price soars amid South Korea expansion push

Maker price rally continued on Friday as cryptocurrencies recoiled. The coin reacted to Maker’s push in South Korea. Maker (MKR) price rally continued as investors watched the expansion of the network in South Korea, one of the biggest players in the crypto industry.

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Korea Blockchain Week 2023, Asia’s Most Impactful Blockchain Conference, Presents Web3’s Leading Voices

KBW2023 brings together the most sought-after builders, enterprises, thought leaders, and innovators to spark crucial conversations that shape the future of the blockchain industry.

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FBI Warns North Korean Hackers May Sell $40 Million In Bitcoin

In a recent statement, the Federal Bureau of Investigation (FBI) alerted the crypto industry about suspicious Bitcoin transactions linked to the Democratic People’s Republic of Korea (DPRK). These activities connect directly to a theft amounting to hundreds of millions of dollars.

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Verasity (VRA) Price Surging Amid Market Crash: Traders in Korea Going Wild

In recent developments, the trading volume of $VRA has surpassed its market capitalization, a rare and noteworthy event in the financial markets. This surge has led many to recognize Verasity Tech, the entity behind $VRA, as a formidable powerhouse in the industry.

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KOREA BLOCKCHAIN WEEK 2023: Impact

The annual Korea Blockchain Week, organized by FactBlock and cohosted by Hashed, is returning for its sixth year. This event brings together industry leaders to discuss and shape the future finance in the crypto and blockchain space.

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South Korea passes new crypto legislation focusing on investor protections

The South Korean National Assembly passed the Virtual Asset User Protection Act on June 30 during a plenary session, local media SBS reported. The legislation combines 19 different crypto-related bills that aim to establish a regulatory framework for the industry and define digital assets that are securities.

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First Mover Asia: Bitcoin Retreats, Quickly Regains $30K Perch as Investors Mull ETF Timing, Inflation

ALSO: Fast-paced, entrepreneurial Seoul ranked fourth globally in CoinDesk's crypto hub series. Korea's digital asset friendly, regulatory environment and a vibrant retail community have helped enabled the industry's rising prominence in the city.

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Thriving Metaverse Landscape in South Korea

A new report on the growth of the Metaverse in South Korea highlights the burgeoning interest in the metaverse within the country. As the industry continues to grow, this report provides valuable insights into the size, trends, and dynamics of the South Korean metaverse market.

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Euler Finance $197 Million Hack Bears Links With North Korea But It Could All Be One Big Misdirection

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South Korea’s Wemade partners with Space and Time to power next-generation blockchain gaming

Wemade and Space and Time want to use blockchain technology to power the next generation of GameFi. WEMIX CEO Shane Kim says “blockchain is the future of gaming. ”  The partnership targets onboarding the next wave of game developers to the blockchain gaming industry.

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South Korea commits $51M to support metaverse development

South Korea has announced an investment of $51 million to support the development of its metaverse industry. The latest investment comes barely a month after the country committed $185 million The post South Korea commits $51M to support metaverse development appeared first on AMBCrypto.

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Ripple CEO praises ‘positive global regulatory developments’ happening outside US

Ripple CEO Brad Garlinghouse said the number of positive global regulatory developments happening in the crypto industry is “energizing. ” In a February 9 Twitter thread, Garlinghouse praised regulators in Dubai, the United Kingdom, Australia, Brazil, and South Korea for providing “leadership” and “clarity” for crypto firms.

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Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express 

Our weekly roundup of news from East Asia curates the industry’s most important developments. Huawei moves to trademark its NFTs According to a Jan.

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FTX hits Asian markets hard as Korea, Hong Kong, Taiwan investors devastated – SlateAsia #1

Introducing SlateAsia, a new podcast from CryptoSlate focusing on the Asian markets within the crypto industry. The post FTX hits Asian markets hard as Korea, Hong Kong, Taiwan investors devastated – SlateAsia #1 appeared first on CryptoSlate.

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How South Korea’s National Assembly Got Stood Up by Crypto Industry Reps at Terra Hearing

Only two crypto executives represented the industry, though lawmakers asked five to attend.

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South Korean City Busan Taps Huobi to Develop Blockchain Infrastructure

Huobi Global and Huobi Korea will work closely with the city to develop its nascent blockchain industry.

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S. Korean City Busan Taps Huobi to Develop Blockchain Infrastructure

Huobi Global and Huobi Korea will work closely with the city to develop its nascent blockchain industry.

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Busan City announces FTX partnership to build local exchange

South Korea's 'Blockchain' city of Busan continues to establish partnerships to foster the growth of the cryptocurrency industry.

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South Korea To Impose “Gift Tax” On Crypto Airdrops

South Korea is looking to impose a new sort of tax on cryptocurrencies. The East Asian country has remained on the news within the crypto space of late as it seeks to institute proper regulation of the nascent industry.

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First Mover Asia: Bitcoin Snaps Its 4-Day Rally Tuesday; Troubles in Cryptoland? Not at South Korea's Muted Mega-Blockchain Week

The Seoul-based event offered a welcome return to in-person interaction but failed to tackle the industry's most burning themes or challenge its panelists.

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First Mover Asia: Bitcoin Snaps Its 4-Day Rally Tuesday; Troubles in Cryptoland? Not at Korea's Muted Mega-Blockchain Week

The Seoul-based event offered a welcome return to in-person interaction but failed to tackle the industry's most burning themes or challenge its panelists.

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How North Korea Infiltrated The Crypto Industry Using Fake LinkedIn Resumes

Per a Bloomberg report, North Korean-backed hackers might be stepping up their efforts and attack vectors against the crypto industry. Bad actors seem to be stealing resumes and information from major job listings websites to apply for jobs in the nascent sector.

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South Korea sets $117.1 million budget to kickstart metaverse industry

South Korea set a $117.1 million budget to invest in the metaverse and became one of the first governments ever officially to do so. The post South Korea sets $117.1 million budget to kickstart metaverse industry appeared first on CryptoSlate.

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Why Is South Korea Throwing Money at the Metaverse?

South Korea has emerged as a global technology powerhouse in recent decades, giving rise to industry giants like Samsung, LG and Hyundai. If the country’s government gets its way, a metaverse company could be the next big thing to ride the Korean wave.

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South Korea Plans Crypto Legislation By 2024, Leaked Report

In a move that will see South Korea become even more crypto-friendly, President Yoon has announced his intention to establish a new regulatory framework for the crypto industry by 2024. With this new legislation in place and increasing demand for cryptocurrency services across all areas of commerce, it seems likely they can pull off another […]

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ICOs are coming back following sweeping crypto reforms in South Korea

South Korea’s Presidential Transition Committee is proposing a crypto framework designed to foster the growth of the digital asset industry. The post ICOs are coming back following sweeping crypto reforms in South Korea appeared first on CryptoSlate.

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