South Korean ‘coin king’ re-arrested for $47m crypto fraud

South Korean crypto figure Park, known as “Jonbur Kim” or the “Coin King,” has been arrested again on fresh fraud charges. This arrest comes just weeks after his release on bail for a separate crypto scam case. The Seoul Southern…

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South Korean ‘Coin Gate’ lawmaker cleared of all charges

Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty”…

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Korean altcoin issuer detained over $16.1m fraud allegations

A South Korean altcoin issuer was arrested by the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Team on March 19, facing fraud charges. The unnamed individual is accused of defrauding investors of $16.1 million, an arrest that…

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Korean court conducts preliminary hearing for Terra co-founder 

The Seoul Southern District Court has conducted a preliminary hearing for Terraform Labs’ co-founder Daniel Shin and several other former project employees. Shin, the co-founder of Terraform Labs and former CEO of Chai Corporation, is set to undergo his initial…

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The First Court Hearing For Terra Co-Founder Held In South Korea

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The Other Terra Co-Founder Starts His Trial in Seoul

Daniel Shin, co-founder of Terraform Labs, had his firsthearing held by Seoul’s Southern District Court on July 10, as reported by local Korean media. Prosecutors addressed several charges, including fraud...

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Terra Co-Founder Faces Legal Proceedings In South Korea As 1st Hearing Unfurls

Terra’s legal trouble continues with South Korea’s Seoul Southern District Court conducting the initial preliminary hearing for Daniel Shin, the co-founder of Terraform Labs, along with seven other former Terra employees.

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South Korea Crypto Exchanges Upbit And Bithumb Probed Over Lawmaker’s Scandal

On Monday, a local news outlet reported that South Korea’s Upbit and Bithumb crypto exchanges are under investigation by the Seoul Southern District Prosecutors Office over suspicions concerning lawmaker Kim Nam-kuk’s digital assets.

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South Korea prosecutors investigating lawmaker’s crypto accounts

South Korean prosecutors are probing crypto exchanges UpBit and Bithumb as part of the investigations into the transactions of lawmaker Kim Nam-kuk. Local media reported that the Seoul Southern District Prosecutor’s Office had seized Kim’s account information from the two exchanges to check his transaction history and funding source.

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South Korean Authorities Freeze $176M Worth of Do Kwon’s Personal Fortune

Coinspeaker South Korean Authorities Freeze $176M Worth of Do Kwon’s Personal Fortune Seoul Southern District Court has now issued a court order that prohibits the sale of several of Do Kwon's properties.

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Terra Classic Isn’t a Security, Says South Korean Court

Terras native cryptocurrency, LUNC, was deemed not a security by the Seoul Southern District Court in a court case involving former Terraform Labs co-CEO Hyun-seong Shin. Not Regulated by the...

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Luna declared not a security in a landmark judgment

In a landmark court ruling on April 23, the Seoul Southern District Court ruled that Luna cryptocurrency is no longer classified as a security.

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Employees of South Korean Crypto Exchange Coinone Arrested: Report

Seoul Southern District Court Chief Judge Kim Ji-Sook issued a warrant for the arrests on Monday, saying "There is concern about escaping."

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Terra faces more legal trouble as authorities seize $160 million in assets

The Seoul Southern District Prosecutor's Office has seized approximately $160 million from eight individuals. Both the United States and South Korea asked Montenegro to detain Kwon. As per aThe post Terra faces more legal trouble as authorities seize $160 million in assets appeared first on AMBCrypto.

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South Korean Prosecutors Still Chasing Terra Luna Funds, Freezing $93M From Known Associates

The Seoul Southern District court in South Korea ruled that prosecutors could freeze the assets of seven parties with links to Terra/Luna. The post South Korean Prosecutors Still Chasing Terra Luna Funds, Freezing $93M From Known Associates appeared first on BeInCrypto.

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South Korean court freezes $92m of Terra-related funds

The Seoul Southern District Court froze 120 billion won — equivalent to $92 million as of press time — owned by former and incumbent CEOs of Terraform Labs’ affiliate firm Kernel Labs. The Korea Economic Daily reported on Dec. 20 that South Korean…

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South Korean Court Freezes $92M in Terra-Related Funds

Coinspeaker South Korean Court Freezes $92M in Terra-Related Funds As per the Seoul Southern District Court, one of those taking the biggest advantage of Terra and speculating on sales was Kernel Labs CEO Kim Hyun-Joong.

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South Korea authorities believe Do Kwon is hiding in Serbia

For allegedly breaking South Korean capital markets legislation, Kwon was the subject of an arrest order issued on September 14 by the Financial and Securities Criminal Unit of the Seoul Southern District Prosecutor's Office.

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South Korea seizes $104M from Terra co-founder suspecting unfair profits

The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors.

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LUNA Founder Do Kwon Reacts To $40 M Frozen: “Good For Them”

Following an arrest warrant issued by the Seoul Southern District Prosecutor’s Joint Financial Securities Crime Investigation Team, authorities in that country moved on to freeze the assets of Terra (LUNA) founder Do Kwon.

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Terra’s Do Kwon Reportedly Enlists New Lawyers In South Korea In Anticipation Of Legal Battle

Do Kwon, the disgraced founder of the once multi-billion dollar Terra ecosystem, has hired new lawyers in South Korea to prepare for a legal brawl in light of an investigation by the Seoul Southern District Prosecutors Office.

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South Korean authorities raid 15 entities linked to Terra collapse: Report

The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday.

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South Korean Authorities Summon All Terraform Labs Employees

South Korean authorities have launched a new investigation on Terraform Labs, according to reports from JBTC. Korean Authorities Summon Team The Seoul Southern District’s joint financial and securities crime investigation...

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Korean Prosecutors Consider Bringing Ponzi Scheme Charges Against Terraform Labs’ CEO

The Seoul Southern District Prosecutor’s Office in Korea is investigating whether it can bring charges of a Ponzi scheme against Terraform Lab’s CEO, Do Kwon. The post Korean Prosecutors Consider Bringing Ponzi Scheme Charges Against Terraform Labs’ CEO appeared first on BeInCrypto.

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Upbit Exchange Execs Cleared of Fraud Charges in South Korea

The Seoul Southern District Court has acquitted senior executives at Upbit crypto exchange of fraud charges. Insufficient Evidence Against Upbit Chiefs Delivering judgment on the matter, Deputy Judge Oh Sang-yong dismissed the 30-count criminal fraud and market manipulation charges leveled against the Upbit directors for lack of evidence.

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South Korean court orders CoinOne to compensate user for hack; imposes withdrawal cap

Seoul’s Southern District Court has ruled that the South Korean cryptocurrency exchange, CoinOne, is required to compensate users who have suffered losses due to hacked accounts that violate the withdrawal limit imposed by government policies.

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The UPbit executives indicted for fraud

The executives South Korea’s cryptocurrency exchange UPbit have been formally charged by the country’s prosecutors, CoinDesk reported. The Prosecutors’ Office of the southern district of Seoul has indicted three senior staff members, including founder Song Chi-Hyung, on charges of fraud.

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Coinnest Coin Listing Bribery for Adding Crypto Tokens See Executives Accused and Indicted

The Seoul Southern District Public Prosecutor’s Office has recently accused and indicted two South Korean executives of a crypto exchange called Coinnet. According to the charges, they have been accepting bribes in order to list cryptos.

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Coinnest Executives Indicted for Accepting Bribe for Coin Listing

The Seoul Southern District Public Prosecutors’ Office has reportedly indicted two executives of South Korean crypto exchange Coinnest for accepting a bribe in exchange for listing a cryptocurrency.

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