Hyundai Group Faces BTC Ransom Demand As Crypto Extortion Turns Violent
TL;DR: Hyundai got an email demanding 13 BTC, threatening 11:30 AM blasts at Yeonji-dong and Yangjae-dong; police searches found no devices. Samsung, KT, Kakao and Naver
south korea (Latest Publications)
Do Kwon Faces Possible Second Trial in Korea After US Conviction
TL;DR Kwon received a 15-year sentence in the US, but the case remains open because South Korea is preparing a separate trial that could impose more
Binance Criticized for Recovering Only 17% of Upbit Hack Funds
TL;DR Binance Response: The exchange managed to freeze only 17% of the stolen Solana, roughly $75,000, and confirmed the action 15 hours after investigators’ urgent request.
a16z crypto to open first Asia office in Seoul
Venture capital firm a16z crypto will open its first Asia office in Seoul, South Korea, positioning the fund for a more direct regional presence in digital
Upbit Hack Update: $1.77M Frozen in Recovery Effort
TL;DR: Upbit froze $1.77 M in stolen assets and initiated a recovery phase after the hack. The exchange reimbursed confirmed losses using its own reserves and restored
South Korean Authorities Launch Formal Investigation Into $30M Upbit Hack
TL;DR: Upbit suffered a $30M hot wallet exploit that triggered a national cybercrime investigation. Authorities are tracing coordinated on‑chain movements tied to external hacking activity. The
Upbit Finds Profit in Fence Pumping Despite $36M Exploit
TL;DR: Fence pumping drove a surge in Upbit’s trading volume after its $36M exploit, creating artificial price spikes. Tokens like Orca and Meteora briefly doubled before
Upbit Confirms December 1 Service Restart After $37M Solana Network Exploit
Upbit confirmed that it will resume deposits and withdrawals on December 1 following a Solana network exploit that compromised approximately $37 million in assets, including SOL,
South Korea Pushes Digital Asset Act, Ruling Party Sets January Deadline
South Korea set January 2026 as the deadline to pass the Digital Asset Basic Act, a law that will establish a stablecoin model issued by consortia
Upbit Audit Reveals Wallet Flaw Behind $30M Hack
Upbit identified a critical flaw in its internal wallet system during the emergency audit launched after the $30 million theft. The review uncovered a signature-generation error
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