Legal
South Korea indicts Terra co-founder Daniel Shin
Shin had previously denied his involvement with Terra, saying he left the company long before the project collapsed.
Oluwapelumi Adejumo 1 min read
South Korea Crypto News
Updates on exchange rules, enforcement, investor trends, and Korea’s active crypto trading culture.
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Top South Korea Stories
Crime
S. Korean prosecutors seek to freeze $5.3M worth of Do Kwon’s assets
Kwon was arrested in Montenegro last month. Both South Korea and the U.S. are looking to extradite him for trial.
Exchanges
Korea-based exchange GDAC suspends withdrawals, deposits after $13M hack
GDAC said it was unsure when its services would be resumed as investigations are underway, according to its statement.
Latest South Korea Crypto News & Analysis
Crime
Terra executives made over $300M from failed project; Do Kwon owns no property in South Korea
South Korea's prosecutors efforts to freeze assets belonging to Terra founder Do Kwon has been futile because he owns no asset in the country.
Analysis
XRP Perpetual Futures Open Interest skyrockets to $610 million
The XRP derivative market indicates strong positive sentiment, some expect the SEC lawsuit to conclude soon.
Legal
South Korea wants Terraform labs co-founder arrested
Previous attempts to arrest the Terra co-founder Daniel Shin failed because a South Korean court refused to grant the arrest warrant.
Regulation
South Korea planning to review local staking services
The country decided on the review after acknowledging that certain staking services overseas have been suspended, according to local news.
Regulation
South Korea reportedly monitoring Ripple’s case against SEC
The classification of XRP in the US could broadly impact the classification of other altcoins as securities.
Scams
Korean authorities confirm search for Do Kwon
Korean authorities confirmed traveling to Serbia in search of Do Kwon last week, but did not comment further.
