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Regulatory Drama: Why Crypto.com Postponed Its Big Move Into Korea Days Before Launch

Crypto.com, a global crypto exchange, recently postponed its much-anticipated retail market expansion in South Korea, originally scheduled for April 29. This strategic decision came just six days before the planned launch, and according to the report, this delay is due to the company’s need for more comprehensive engagement with local regulatory bodies. Related Reading: South Korean […] дальше »

2024-4-24 04:00


Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs

NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payments app. дальше »

2024-4-8 21:51


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North Korean Lazarus group funnels over $100 million in Ethereum through sanctioned mixer Tornado Cash in 8 days

North Korea-backed Lazarus group has stepped up their use of sanctioned crypto mixer Tornado Cash, moving over $100 million worth of Ethereum through the platform in the past week. According to blockchain security firm PeckShield, addresses linked to the exploiters of Justin Sun-linked HTX exchange and Heco Bridge have transferred 40,391 ETH, equivalent to $145. дальше »

2024-3-22 16:13


Extraditing Do Kwon: South Korea Calls On Interpol For Support

South Korea has intensified its actions to extradite Do Kwon, the CEO of Terraform Labs, back to its jurisdiction, as local South Korean media reports. This comes in the wake of a significant legal development in Montenegro where Do Kwon successfully appealed against his extradition to the United States, thereby redirecting the focus towards South […] дальше »

2024-3-8 22:00


Crypto Fraud No More? New Digital Tracking System In South Korean Province Tracks Tax Evaders’ Wallets

A local report revealed the provincial tax department’s implementation of a new digital tracking system in one of South Korea’s most important provinces. As the first of its kind in the country, the new system reduces the process’ time and facilitates the tracking of crypto assets held by debtors in virtual asset exchanges. Related Reading: […] дальше »

2024-2-23 05:00