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South Korea Seeks to Freeze North’s Crypto Assets Under New Law

[Sep 6, 2023 1:30 AM] The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the…

North Korea Hackers Continue to Target Crypto Platforms: UN Report

[Aug 13, 2023 3:30 AM] Hackers working for North Korea have continued to attack companies in the crypto space this year, according to independent sanctions monitors. Their findings, which reveal that Pyongyang proceeds with the development of its nuclear and weapons…

Do Kwon Moved $29 Million Worth of Coins Since Arrest, Prosecutor Says

[Jun 8, 2023 2:30 PM] Founder of Terraform Labs, Do Kwon, has withdrawn millions of dollars in crypto from an entity linked to his failed blockchain firm, investigators claim. South Korean authorities are now trying to locate the digital assets that have been allegedly…

Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets

[May 24, 2023 4:00 AM] A new bill requiring South Korean lawmakers to disclose their cryptocurrency holdings has been proposed in Seoul. The legislative initiative comes amid a snowballing scandal surrounding the crypto dealings of an opposition lawmaker whose case has…

South Korean Politician Quits Party Over Crypto Scandal

[May 15, 2023 2:30 AM] A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves…

Seoul Sanctions North Korea Over Crypto Theft

[Feb 12, 2023 5:00 AM] South Korea has imposed sanctions on the North in relation to a number of cyberattacks often resulting in the theft of cryptocurrency. The authorities in Seoul say the regime in Pyongyang is using the digital assets to fund its nuclear and missile…

Crypto Exchange Upbit Logo to Appear on Italian Soccer Club Napoli’s Jerseys

[Jan 5, 2023 6:30 AM] Shirts worn by the players of the Italian soccer team Napoli will display the logo of cryptocurrency exchange Upbit. The arrangement is part of a sponsorship deal with Dunamu, the company that operates the coin trading platform, which is one of the…