Crime
Terraform Labs caught moving $4.8M through shell company
Do Kwon may have just been caught laundering money through Terraform Labs into a Korean shell company called Kernel Labs
Liam 'Akiba' Wright 3 min read
South Korea News
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Adoption
South Korea sets $117.1 million budget to kickstart metaverse industry
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.
Legal
Terraform employees under probe for UST collapse in South Korea
A team of the Prosecutor's Office has summoned all Terra employees to investigate if the collapse was caused by price manipulation.
Latest South Korea Crypto News & Analysis
Stablecoins
South Korea to tighten scrutiny of exchanges after Terra LUNA collapse
In an emergency two-day seminar, South Korean regulators discussed how to increase scrutiny of crypto exchanges amid the Terra LUNA collapse.
Exchanges
Litecoin’s privacy upgrade could lead to delisting from South Korean exchanges
Citing the altcoin's recent privacy upgrade, UPbit and Bithumb issued investment warnings against altcoins, which could potentially lead to delisting.
Legal
Terra faces litigation from South Korean investors over failed UST investment
The law firm is applying to the Seoul Metropolitan Police Agency to seize all Do Kwon's properties in the country.
Legal
South Korean lawmaker suggests summoning Do Kwon to the national assembly
According to Yun Chang-hyeon, the delay in legislation has seen investors continue losing a lot of money, and bringing in Do Kwon would help introduce measures to protect investors.
People
Do Kwon fears for his safety following Terra (LUNA) implosion
An unknown person knocked on Do Kwon's front door asking for him, before fleeing the scene. Local police have opened an investigation.
Regulation
ICOs are coming back following sweeping crypto reforms in South Korea
A new South Korean administration, in Yoon Suk-yeol's conservative People's Power Party, is wasting no time in bringing crypto reforms.
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Contributor
Adoption
Op-Ed: South Korea’s new president aims to take crypto to the next level
Partnerships
Terra teams up with LongHashX to offer Web3 startups up to $500,000 in funding
Adoption
Why crypto was so important to the recent Korean presidential election
NFTs
