Korea Crypto News
Learn about the latest Korea blockchain news, events, and companies from CryptoSlate, a leading destination for cryptocurrency and blockchain news.
Bithumb owner to receive 8-year jail term for $70M fraud – local media
Lee Jung-hoon apologises for "making it difficult for employees and causing social pressure" as prosecution requests 8-year sentence
South Korean court dismisses arrest warrant for Do Kwon’s aide
After interrogating Do Kwon's aid, Judge Jin-pyo dismissed the arrest warrant saying "it is difficult to see the necessity and significance of the arrest."
South Korea tightens circle on Do Kwon, arrests his aide
South Korean authorities arrested Terra's Head of General Affairs and gave Kwon 14 days to return his passport before it is invalidated.
Do Kwon deems news of $40M crypto freeze a ‘falsehood’
The Terra community is working on several ideas that could lead to the re-peg of USTC and boost the value of LUNC.
Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’
The WSJ reported that a spokesman for the firm claimed the failed Luna crypto asset was not a security, so South Korea’s capital-markets law did not cover it.
CryptoSlate Wrapped Daily: LUNA’s Do Kwon says he is not in hiding after Interpol issues red warrant; Miners abandoning POW tokens
The ATOM team announced the reveal of the ATOM 2.0 update to take place on Sept. 26, Cosmos' connection to other chains via Komodo's AtomicDEX integration and much more in this edition of CryptoSlate Wrapped Daily.
Interpol issues worldwide arrest warrant for Do Kwon
Interpol has issued a red warrant for Do Kwon following South Korea's request, obligating law enforcement worldwide to locate and arrest him.
CryptoSlate Wrapped Daily: Lebanon turns to crypto amid bank closures; FTX seeks to raise $1B; Zilliqa launches web3 gaming console
Binance launches Global Advisory Board to support responsible regulation of crypto, Russia's regulators agree to allow crypto use in international payments and much more in this edition of CryptoSlate Wrapped Daily.
Korean tax authorities seize $185M worth of crypto from tax evaders since 2021
In 2020, North Korea implemented a system where authorities started seizing assets of delinquents and selling them if taxes remained unpaid.
South Korea upgrades wanted status of Terra founder Do Kwon, asks for red notice
South Korean prosecutors have requested the cancellation of Kwon's South Korean passport because he was "on the run" and uncooperative.
LUNA sinks 20% after South Korea issues arrest warrant for Do Kwon
Kwon’s arrest warrant is valid for one year and prosecutors are willing to try different tactics to bring to book.
South Korea sentences metaverse sexual abuser to 4 years imprisonment
The unnamed man was banned from working in any entity involving minors and the disabled. He also must attend a mandatory program for sexual offenders.
South Korea’s Science Ministry to develop ethical principles for the metaverse
South Korea is developing a set of principles for users to follow in the metaverse to enhance self-identity preservation, safe enjoyment, and sustainable prosperity.
Why the future of gaming will be on-chain
In an interview with CryptoSlate, Anthony Yoon, the general partner at ROK Capital, said that the future of games lies on-chain.
South Korea may levy up to 50% ‘gift tax’ on crypto airdrops under current law
South Korea's President Yoon Suk-yeol has delayed the levy of capital gains on crypto profits, but crypto airdrops are subject to a gift tax of up to 50% under current tax laws as the tokens are received for free.
South Korea to block 16 unregistered foreign crypto exchanges
South Korean government officials say the foreign exchanges could be used to carry out money laundering acts and their users’ data are not safe.
Do Kwon hires lawyer in preparation for defense in South Korea
Do Kwon recently claimed South Korean prosecutors were yet to contact him nor file any charges against him.