Mirae Asset Takes Over Korbit in $93M Move While Regulators Tighten Control
TL;DR Mirae Asset will buy 92% of Korbit for $93 million in cash, acquire the stakes held by Nexon and SK Planet, and integrate it as
south korea (Latest Publications)
South Korean Police Report Loss of Seized BTC
South Korean police have acknowledged that Bitcoin seized in 2021 has gone missing from a cold wallet, according to local media outlet The Dong-A Ilbo. Authorities
$43B Ghost Bitcoin Scandal: South Korea Investigates Bithumb
TL;DR: A human error credited 620,000 non-existent BTC to user accounts during a promotional event. The Financial Supervisory Service (FSS) is investigating legal violations and internal
$44B Bitcoin Giveaway Glitch Puts Bithumb Under Korean Scrutiny, Rekindles CEX Risk Debate
TL;DR South Korean regulators opened an emergency review after a Feb. 6 promotion error credited users with at least 2,000 BTC each, implying 600,000+ BTC. Selling
South Korea Jails Crypto CEO for 3 Years Over Alleged Market‑Rigging Scheme
A South Korean court sentenced Jong-hwan Lee, CEO of a local crypto exchange, to three years in prison for market manipulation. The ruling marks the first
KBank Registers Stablecoin Wallet Brands, Tapping Upbit PartnershipKBank Registers Stablecoin Wallet Brands, Tapping Upbit Partnership
KBank, the South Korean neobank and exclusive partner of Upbit, filed 13 trademark applications for stablecoin wallets ahead of its upcoming IPO. Registered names include KSC
South Korea Expands AI Systems to Track Crypto Manipulation
TL;DR South Korea’s financial watchdog upgrades its AI system (VISTA) to automatically detect potential crypto price manipulation. An exhaustive sliding-window search technique identifies suspicious periods without
Binance Targets Korean Payments Push as $90M GOFi Fund Fuels 2026 Repayment Plan
TL;DR Binance secures a $90.52 million fund to compensate GoFi users of Gopax, with restitution scheduled for 2026. The restitution wallet contains 11 cryptocurrencies, including 775.11
South Korea Regulator Pushes for Strict Ownership Caps on Crypto Exchanges
TL;DR South Korea’s FSC is considering imposing a 15% to 20% ownership cap on shareholders of crypto exchanges under the Digital Asset Basic Act. The bill
Coinone Ownership Shake-Up as Coinbase Enters Negotiations
TL;DR Coinone has initiated talks for a potential sale focused on the 53.44% stake controlled by Cha Myung-hoon and the firm The One Group. The process
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