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.
South Korea
Latest stories
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.
Crime
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.
People
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.
Regulation
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.
Regulation
South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz
South Korean Financial Services Commission Chairman Kim Joo-Hyun said the new crypto regulation would adopt a balanced approach that ensures investors' protection and market innovation.
Regulation
South Korea-based Busan Bank’s employee steals 1.4B won in customer funds to buy crypto
A foreign employee of South Korea-based Busan Bank stole customers funds and invested it into Bitcoin, according to local media reports.
Taxes
South Korea defers 20% crypto tax implementation to 2025
Government officials tied their decision to postpone the crypto tax to the stagnant market condition and the lack of an investor protection system.
Legal
US, South Korea to cooperate over Terra investigation
South Korea and the United States have agreed to share investigation data about the Terra network crash.
Regulation
South Korea’s top exchanges seek to prevent another Terra-like crash
The exchanges are proposing to create three different committees that will be saddled with compliance monitoring, market monitoring, and transaction support.
Investments
Solana launches $100M fund to attract crypto projects from South Korea
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.
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.
