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South Korea’s largest commercial banks exploring security token platforms

0xMain
June 15, 2023

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NongHyup Bank revealed that the leading banks in South Korea, including Industrial Bank of Korea, Shinhan Bank, and Woori Bank, have joined its consortium for security token offerings. The consortium has also witnessed the participation of other financial technology companies such as Funble,...

South Korea traces more funds allegedly moved by Do Kwon

0xMain
June 9, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied South Korean authorities are investigating the whereabouts of about $29 million worth of cryptocurrencies allegedly moved from a crypto wallet controlled by Do Kwon’s Luna Foundation Guard (LFG). Kwon...

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Do Kwon to face multiple jail terms in South Korea and US

0xMain
June 8, 2023

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The chief prosecutor in South Korea, leading the case against Terraform Labs CEO Do Kwon, indicated that he might face multiple terms in his home country and the United States. Kwon was recently granted a bail petition by a judge in Montenegro, allowing...

Binance NFT Introduces The Sandbox NFT01

South Korea proposes real-time monitoring to freeze funds on Binance

0xMain
May 30, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied South Korea plans to implement a system that allows real-time monitoring of wallet addresses and freezing funds on crypto exchanges and Binance, among others. A meeting will be held...

South Korea’s Coinone rocked by crypto listing bribery scandal

0xMain
May 26, 2023

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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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South Korea implements crypto disclosure mandate for officials for 2024

0xMain
May 25, 2023

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In a unanimous decision, South Korean lawmakers have passed a new bill mandating public officials and candidates to disclose their cryptocurrency holdings starting in 2024. The legislation, reported by local news outlet Chosun-Ilbo, not only demands transparency but also imposes restrictions on the...

South Korean exchanges remove warnings on WAVES and KAVA

0xMain
May 23, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied An alliance comprising five major crypto exchanges has removed warnings placed on KAVA and WAVES, stating that the reasons for the warnings have been resolved. Deposits to resume for...

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

0xMain
May 22, 2023

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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...

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Ripple scores against SEC, blockchain adoption in China and South Korea, more ETH staked| Weekly recap

0xMain
May 21, 2023

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This week, a judge adjudicating the ongoing Securities and Exchange Commission (SEC) versus Ripple, the blockchain company, issued a landmark ruling. At the same time, Ripple announced crucial strategic expansions. Also, the number of staked ethereum (ETH) rose to record highs. Meanwhile, crypto...

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

0xMain
May 15, 2023

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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...