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The Korea Times

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The Korea Times

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Cryptocurrency

Sat, June 10, 2023 | 17:29

What's next for Terra founder Do Kwon?

What's next for Terra founder Do Kwon?

The arrest of Do Kwon, founder of the ill-fated Terra-Luna ecosystem, made headlines, but it remains unclear when Korean investigators will be able to repatriate him, since he was also charged with fraud by U.S. prosecutors.

Lee Min-hyung | 2023-03-24 17:13

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

Crypto founder Do Kwon is indicted in US, following Montenegro arrest

Crypto founder Do Kwon is indicted in US, following Montenegro arrest

Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by U.S. prosecutors.

2023-03-24 08:58

Korea to seek extradition of crypto fugitive Kwon from Montenegro

Suspected Terraform co-founder arrested in Montenegro: police

Suspected Terraform co-founder arrested in Montenegro: police

A suspect presumed to be the wanted chief of blockchain firm Terraform Labs was arrested in Montenegro, police said Thursday.

2023-03-24 08:30

Crypto founder Do Kwon is indicted in US, following Montenegro arrest

Bitcoin extends super-rally amid SVB fiasco

Bitcoin extends super-rally amid SVB fiasco

Bitcoin has extended a surprising super-rally over the past week on the growing likelihood that the U.S. Fed will slow down the pace of further rate hikes in the wake of sequential collapses of overseas financial institutions.

Lee Min-hyung | 2023-03-19 16:15

Crypto-focused bank Silvergate plans to wind down following blow from FTX

Crypto-focused bank Silvergate plans to wind down following blow from FTX

Crypto-focused bank Silvergate Capital said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX, sending its shares down 35 percent in after-hours trade.

2023-03-09 10:48

FSC to crack down on crypto phishing schemes

FSC to crack down on crypto phishing schemes

In a move to root out phishing schemes in the country, the Financial Services Commission (FSC) announced a set of new measures that apply larger protections for victims of phishing schemes involving cryptocurrencies or mobile payment systems. The top financial regulator explained Tuesday that it has formed a taskforce with the prosecution, police, bank association as well as ...

Anna J. Park | 2023-02-28 16:54

Do Kwon transferred over 10,000 bitcoins to Swiss bank account

Do Kwon transferred over 10,000 bitcoins to Swiss bank account

Do Kwon reportedly transferred more than 10,000 bitcoins to a Swiss bank account after the abrupt collapse of his once-promising Terra-Luna ecosystem, for which a U.S. watchdog accused him and his firm of misleading investors by plotting the apparent crypto fraud. According to overseas reports, Kwon is known to have sent the bitcoins - amounting to $240 million (312 billion w...

Lee Min-hyung | 2023-02-19 16:10

Bitcoin surges 8.3% above $24,000

Bitcoin surges 8.3% above $24,000

Bitcoin surged 8.31 percent to $24,057 at 2038 GMT on Wednesday, adding $1,846 to its previous close.

2023-02-16 14:36

20 indicted for moving $3.2 bil. overseas for cryptocurrency 'kimchi premiums'

20 indicted for moving $3.2 bil. overseas for cryptocurrency 'kimchi premiums'

Prosecutors have indicted 20 people on charges of illegally remitting about 4 trillion won ($3.2 billion) worth of funds overseas to buy cryptocurrencies abroad and sell them back in Korea at a premium, officials said Wednesday.

2023-01-18 15:59

Number of fake banknotes hits record low in 2022 on increased non-cash transactions

Number of fake banknotes hits record low in 2022 on increased non-cash transactions

The number of fabricated Korean banknotes hit a record low in 2022 on increased non-cash transactions amid the pandemic, central bank data showed Monday.

2023-01-16 14:56

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