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South Korea’s Coinone rocked by crypto listing bribery scandal

0xMain
May 26, 2023

bribery, Coinone, Crypto, Hacking, Koreas, listing, rocked, scandal, South

In a startling turn of events, a former executive at Coinone, one of South Korea’s top cryptocurrency exchanges, has received bribes for listing specific cryptocurrencies on the platform. The accused executive, Jeon, allegedly received around 2 billion Korean won (approximately $1.5 million) between...

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Crypto scandal hits South Korea as executives accused of $2.2m scam

0xMain
May 22, 2023

2.2m, accused, Crypto, executives, Hacking, hits, Korea, scam, scandal, South

Four employees of South Korean crypto exchange Coinone have been indicted for allegedly employing illegal methods to amass profits exceeding 2.98 billion Korean won ($2.26 million) during coin listings from multiple projects. The information was reported by local news outlet The JoongAng on...

Authorities raid Upbit and Bithumb in connection with South Korean crypto scandal

0xMain
May 15, 2023

authorities, Bithumb, connection, Crypto, Hacking, Korean, raid, scandal, South, Upbit

Prosecutors conducted a raid on two prominent South Korean cryptocurrency exchanges, Upbit and Bithumb, as part of an ongoing investigation into allegations surrounding independent lawmaker Kim Nam-kuk’s digital assets. The team of investigators from the Seoul Southern District Prosecutors Office seized transaction records...