Korea Crypto News

A foreign employee of South Korea-based Busan Bank stole customers funds and invested it into Bitcoin, according to local media reports.

The Ministry of Justice has issued a "notification upon arrival" notice to Do Kwon while Daniel Shin is restricted from leaving the country.

South korean prosecutors want to be informed in case Terra's Do Kwon enters the country.

The two companies have reportedly been in talks for months, and there are indications of the negotiations being at an advanced stage.

Government officials tied their decision to postpone the crypto tax to the stagnant market condition and the lack of an investor protection system.

The investigation team also raided eight other locations and seized transaction records and other materials.

South Korea and the United States have agreed to share investigation data about the Terra network crash.

Terraform Labs employees are banned from leaving South Korea as the prosecutors office explores charging Do Kwon with fraud and other crimes.

The exchanges are proposing to create three different committees that will be saddled with compliance monitoring, market monitoring, and transaction support.

The top five Korean exchange err on the side of caution and delist Litecoin for compliance reasons.

South Korean developers might be unwilling to take the new Solana's fund bait considering the network has suffered seven outages in the last 12 months.

South Korea is looking to introduce a "self regulatory" system and has engaged local crypto exchanges on the matter.

Do Kwon may have just been caught laundering money through Terraform Labs into a Korean shell company called Kernel Labs

South Korea's government has earmarked $117.1 million for the metaverse, betting on its potential and having this technology as one of their main focus in the following years.

A team of the Prosecutor's Office has summoned all Terra employees to investigate if the collapse was caused by price manipulation.

In an emergency two-day seminar, South Korean regulators discussed how to increase scrutiny of crypto exchanges amid the Terra LUNA collapse.

Citing the altcoin's recent privacy upgrade, UPbit and Bithumb issued investment warnings against altcoins, which could potentially lead to delisting.

The law firm is applying to the Seoul Metropolitan Police Agency to seize all Do Kwon's properties in the country.