South Korea
7 Phishing Gang Members Arrested in Korea for Stealing 800M Won from Virtual Wallets
The South Korean police have arrested seven members of a phishing syndicate involved in the hacking of virtual asset wallets and stealing 800 million won worth of Tether (USDT). A...
South Korea Police Track Second Thief Behind $4.8M Loss From South Korea Tax Service
The Korean National Police (KNP) agency is hunting the second suspect in the $4.8 million stolen funds from the National Tax Service (NTS). The KNP stated that the first thief...
South Korea to Force Crypto Influencers to Reveal Personal Holdings
South Korea is moving forward with a new law that would force crypto influencers to reveal what they own and how much they’re paid to promote coins. This will represent...
Bank of Korea Urges Bank-Only Stablecoins to Prevent Money Laundering
Bank of Korea (BOK), South Korea’s central bank, is pushing for only licensed commercial banks to issue won-backed stablecoins. In a recommendation sent to lawmakers on February 23, the bank...
Crypto Crackdown: South Korea Announces Market Manipulation Investigation
South Korea’s financial regulator announced plans to launch a targeted investigation into cryptocurrency price manipulation schemes as part of a broader effort to strengthen oversight of the digital asset sector....
South Korea Launches Probe into ZKsync’s 970% Upbit Price Spike
South Korean regulators have opened a probe into a sharp ZKsync price surge on Upbit. The token climbed nearly 970% during a brief maintenance window on Feb. 1 on the...
South Korea Cracks Down on Crypto Drug Networks
South Korea has embarked on a massive crackdown against drug trafficking linked to cryptocurrencies and the dark net. The country’s Ministry of Science and ICT, in collaboration with the National...
South Korea’s Third-Largest Crypto Exchange Coinone Reportedly Put Up for Sale
South Korea’s crypto market may be heading for another major shake-up as Coinone, the country’s third-largest cryptocurrency exchange, is reportedly up for sale. Industry sources say multiple options are on...
South Korea Investigates $48M Bitcoin Loss From Prosecutors’ Evidence Vault
South Korean prosecutors are investigating the loss of a large amount of Bitcoin that had been seized and held as evidence in a criminal case, raising fresh concerns over how...
South Korea Busts Crypto Laundering Ring Behind 150 Billion Won FX Scheme
South Korean customs authorities have shut down an international cryptocurrency laundering operation accused of moving nearly 150 billion won through unauthorized foreign exchange channels, highlighting the country’s intensifying scrutiny of...
South Korea Crypto Exchanges Oppose Proposed 20% Ownership Cap
South Korea’s digital asset exchanges are objecting to a government plan that would cap major shareholders’ stakes at 15–20%, arguing that forced changes to ownership structures could change decision-making and...
South Korea Reopens the Corporate Door to Crypto After Nine Years
South Korea is reopening the doors to corporate cryptocurrency investing after nearly a decade of tight restrictions, a shift that could redraw the country’s digital asset landscape and pull institutional...
South Korea Supreme Court Rules Crypto on Exchanges Can Be Seized
South Korea’s Supreme Court has ruled that cryptocurrencies held on local exchanges can be seized under existing laws. This decision eliminates a long-standing legal gray area and changes how crypto...
South Korea Crypto Regulation Delayed as Stablecoin Talks Drag
South Korea’s digital asset regulatory agenda is entering a period of uncertainty, as the government’s proposed Basic Digital Asset Act faces delays due to unresolved disagreements over stablecoin oversight and...
South Korea Stablecoin Bill Misses December 10 Deadline as Central Bank Objects
South Korea’s stablecoin industry faces fresh regulatory uncertainty as the Financial Services Commission missed the government December 10, 2025 deadline to submit a stablecoin bill to the National Assembly. The...
a16z Sets up Seoul Crypto Hub to Anchor Asia Expansion
Andreessen Horowitz, better known as a16z, is expanding its crypto investment footprint in Asia through a new base in Seoul, South Korea. The venture capital firm said the Seoul office...
North Korea’s Lazarus Group Linked to $37M Upbit Hack, Timing Clashes with $10B Naver Deal
South Korean authorities have launched a high-level probe into the security breach at Upbit, with initial forensic markers pointing to North Korea’s state-sponsored Lazarus Group. The investigation has refined the...
Upbit Confirms $37M Hack: Exchange Says It Will Cover Every Lost Dollar
Upbit, South Korea’s dominant cryptocurrency exchange, has confirmed a security breach resulting in the unauthorized transfer of approximately $37 million (54 billion KRW) in Solana-network assets. The exchange has immediately...
Naver to Acquire Upbit Operator Dunamu in $10.3 Billion Stock Swap
Naver Financial, the financial services division of South Korea’s tech behemoth Naver, said it is planning on buying Dunamu in a deal that likely won’t see any cash exchange hands....
Kakao Bank Advances Stablecoin Push, Hires Devs as Naver Rivalry Heats Up
South Korea’s Kakao Bank has advanced its stablecoin initiative to the development stage, leading to an advertisement seeking applicants with the required skills and experience to approach the financial institution...
South Korea’s Virtual-Asset Tax Plan May Face Another Delay Till 2027
South Korea’s planned cryptocurrency tax framework may face another postponement, according to local outlet Hans Economy, which reports that key definitions and standards within the system remain unresolved. If delayed...
Bybit Follows Binance’s Lead, Enters Talks to Acquire Korbit in South Korea
Bybit is reportedly in discussions to acquire Korbit, one of South Korea’s oldest and fourth-largest virtual asset exchanges. Industry sources cited by Maeil Business Newspaper report that Bybit has held...
’Consistency, Innovation, and Stability’: 3 Key Considerations for South Korea’s Stablecoin Implementation
Stablecoins must be introduced with sufficient safeguards, given their potential effect on the financial system. This was the message from Lee Eog-weon, Chairman of South Korea’s Financial Services Commission (FSC)....
South Korea’s Governing Party Presses Regulators To Allow Bitcoin Spot ETFs
South Korea’s ruling People Power Party has renewed its push for domestic Bitcoin exchange-traded funds, saying regulators should authorize spot products without further delay. The statement came after the party’s...
South Korea FSC Crypto Freeze Total Reaches $61.4 Million Since 2019
South Korea’s Financial Services Commission (FSC) disclosed it has frozen approximately $61.4 million worth of cryptocurrency assets across various trading platforms over the last six years. This cumulative figure, revealed...
