KoreaTimes - Cryptocurrency

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Sat, December 9, 2023 | 14:14

Exclusive cryptocurrency listings raise concerns after Gangnam murder case

Exclusive cryptocurrency listings raise concerns after Gangnam murder case

Concerns are mounting over exclusive listings of cryptocurrencies, following the recent murder of a woman in Seoul's Gangnam District. Such assets could harm investors due to their high price volatility and lack of clear business value.

Lee Yeon-woo | 2023-04-10 15:26

Klaytn seeks to become versatile, sustainable blockchain

Klaytn seeks to become versatile, sustainable blockchain

Klaytn, an open-source public blockchain developed by Korea's largest mobile platform operator Kakao, is seeking to become a more versatile public mainnet used in areas encompassing games, non-fungible token (NFT) and metaverse, Klaytn Foundation Director Sam Seo said in a recent interview. “Our primary goal is to keep sophisticating our blockchain network in a more sustainab...

Lee Min-hyung | 2023-04-08 08:30

Gangnam cryptocurrency murder case: what we know so far

Gangnam cryptocurrency murder case: what we know so far

The recent abduction and murder of a woman in Gangnam District in Seoul involved cryptocurrency investments, prompting experts to point out that a lack of proper regulation of crypto exchanges is hurting investors, while the damage caused by related crimes soars.

Lee Yeon-woo | 2023-04-05 16:12

Failure to secure arrest warrant for Terraform co-founder clouds extradition plan for Do Kwon

Failure to secure arrest warrant for Terraform co-founder clouds extradition plan for Do Kwon

Despite the arrest of Do Kwon, the founder of Terraform Labs, who was on the run in Montenegro, prosecutors in Korea have been unable to obtain arrest warrants for other persons of interest in the case. This could complicate Korea's efforts to have Kwon extradited.

Lee Yeon-woo | 2023-04-03 15:25

Paycoin delisted from cryptocurrency exchanges

Paycoin delisted from cryptocurrency exchanges

Local cryptocurrency Paycoin has been delisted from Korea's top five cryptocurrency exchanges, meaning that around three million Paycoin users will no longer be able to make transactions on these exchanges starting from April 14.

Lee Yeon-woo | 2023-04-02 15:01

Regulator fines exchanges over irregular crypto trades

Regulator fines exchanges over irregular crypto trades

Financial authorities announced that Korea's five cryptocurrency exchanges have neglected their duty to monitor irregular crypto trading practices. These exchanges were fined and given disciplinary warnings and have been instructed to implement improvements within the next three months.

Lee Yeon-woo | 2023-03-30 16:14

Terraform Labs co-founder's extradition could be delayed more than 1 month

Terraform Labs co-founder's extradition could be delayed more than 1 month

The extradition of Do Kwon, the co-founder and CEO of the now infamous Terraform Labs, could be delayed by more than a month, as his legal representative expressed the intent of appealing against the upcoming judgment from the first trial in Montenegro where he is in custody on charges of passport forgery.

Lee Min-hyung | 2023-03-29 16:41

Prosecutors seek arrest warrant for Terraform co-founder Shin for 2nd time

Prosecutors seek arrest warrant for Terraform co-founder Shin for 2nd time

Prosecutors on Monday requested an arrest warrant for Daniel Shin, a co-founder of Terraform Labs, for allegedly obtaining illegal profits before its cryptocurrencies collapsed massively last year.The Seoul Southern District Prosecutors Office previously sought an arrest warrant in November, but the court rejected the request, saying he would not be a flight risk or destroy e...

2023-03-27 20:54

Korean crypto investors want Do Kwon punished in US

Korean crypto investors want Do Kwon punished in US

Korean crypto investors' sentiment is growing that Do Kwon - the founder of the now-defunct Terra-Luna ecosystem - should be detained and punished in the United States. Kwon was arrested in Montenegro last week, but his possible repatriation to Korea has not been confirmed, as U.S. and Singaporean authorities also filed suits against the scandal-tainted Luna coin developer.

Lee Min-hyung | 2023-03-27 16:47

Do Kwon, Korea's crypto 'genius' turned disgraced fugitive

Do Kwon, Korea's crypto 'genius' turned disgraced fugitive

Once hailed as a genius, Korean entrepreneur Do Kwon - now facing multiple criminal charges over his failed cryptocurrency - was a brash industry figure whose fame disintegrated into global notoriety.

2023-03-25 18:36

What's next for Terra founder Do Kwon?

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