Exchanges
Binance annual revenue grew 10x over the past 2 years, while OKX’s grew 4x
In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.
Zeynep Geylan 2 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
Exchanges
Korean tax authorities investigate Bithumb, subsidiaries
The National Tax Service opened a "special tax investigation" into Bithumb, including the individual Kang Jong-hyeon, who is alleged to be the company owner.
Bear Market
Huobi Korea to become an independent entity, breaking ties with Huobi Global
Huobi Korea chairman Jo Guk-Bong will buy the majority stakes from Huobi global founder Leon Lin.
Latest South Korea Crypto News & Analysis
Exchanges
Gopax investors could face $471M loss if Binance acquisition fails
Binance is in the process of acquiring Gopax, however, the South Korean exchange has about $471 million of customers' fund locked in Genesis.
Featured
South Korean court finds former Chairman of Bithumb ‘not guilty’ of fraud
Lee Jung-Hoon, who was accused of swindling $70 million from BK Group chairman Kim Byung-gun, was acquitted of all charges.
Exchanges
Binance reportedly finalizing acquisition Korean crypto exchange Gopax
Binance is reportedly completing its acquisition of Korean crypto exchange Gopax after finishing due diligence.
Hacks
North Korean hackers reportedly stole $1.2B in crypto since 2017
North Korea is allegedly investing these funds into its nuclear missile program.
Culture
BNB Chain announces its first Asia-based hackathon
The BNB hackathon event will take place in South Korea, between Dec. 17 and 19.
Crime
Do Kwon reportedly located in Serbia
Korean Ministry of Justice is asking Serbia to issue an arrest warrant for Terraform Labs founder Do Kwon.
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Adoption
Busan collaborates with Crypto.com and Gate.io to advance blockchain aspirations
Regulation
South Korea’s financial watchdog to monitor crypto whales on adherence to anti-money laundering laws
Legal
Bithumb owner to receive 8-year jail term for $70M fraud – local media
Regulation
