Coinrail reported that a cyber-intrusion caused some ERC20-based tokens being stolen from the exchange worth nearly $40 million.
On Sunday, June 10, a South Korean cryptocurrency exchange Coinrail officially announced on its website that it has been a victim of a hacking attempt.
In July 2017, South Korea’s largest cryptocurrency exchange Bithumb reported getting hacked wherein data of 31,800 customers was compromised.
In December 2017, another South Korean exchange YouBit was attacked wherein 4000 Bitcoins worth a whopping $48 million were stolen.
The biggest of them was the $500 million hack of Coincheck exchange wherein a huge amount of consumer data was compromised.
South Korea moved to tighten rules for cryptocurrency platforms after a major breach at Upbit that sent shockwaves through the local market and government halls. Related Reading: Trump’s New Security Strategy Leaves Crypto And Blockchain Out Government Pushes Bank-Level Rules According to government and industry reports, the Upbit breach on November 27, 2025 involved the […]
With Washington tightening the screws on North Korea’s crypto-funded nuclear weapons programme, South Korea says it’s open to rethinking its own sanctions playbook. During a recent interview, South Korean Vice Foreign Minister Kim Ji-na told local media that “coordination between…
Binance is facing renewed scrutiny from South Korean lawmakers after a parliamentary hearing this week reignited calls for the exchange to compensate victims of GOPAX’s failed GoFi deposit program. South Korean lawmakers are intensifying pressure on Binance to fulfill a…
Binance holds a 67% stake in Gopax, acquired in February 2023. A $4. 3 billion US settlement eased regulatory concerns in South Korea. Gopax faced a $47 million liquidity shortfall linked to Genesis Global Capital.
Binance is finally making progress with its South Korea re-entry after over two years of delay, as authorities have reopened their review of the exchange’s long-stalled takeover of local crypto exchange Gopax.