Harmony Horizon Exploit Linked to North Korea; $10M Bounty Offered in 'Global Manhunt'
Developers said the team was “gathering wallet data” and strategizing plans based on the impact that the incident caused on users. Source
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Korea
Solana To Support DeFi, NFT, And GameFi In South Korea With A $100M Fund
Solana (SOL) has created a $100Million fund to support cryptocurrency projects in the country. The main sectors to benefit from the fund are DeFi, gaming, and Non-fungible tokens (NFTs). Also, the fund is to support some projects built on the Terra network after the terrible crash. The Terra Network crash caused
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South Korea Investigates Terra Labs for Alleged Bitcoin Embezzlement Following UST Collapse: Report
South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month. Original Source
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Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea
Solana Ventures and the Solana Foundation have formed a $100 million fund to help support the growth of nonfungible token (NFT), blockchain gaming and decentralized finance (DeFi) projects in South Korea.In addition to supporting projects built on Solana (SOL), the fund will help keep some Terra-based projects afloat following the
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South Korea ramps up crypto investigations and regulations
On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government institutions.As reported by local news outlet Money Today
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In wake of Terra collapse, South Korea plans new crypto oversight committee: Report
The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ creator, was the most concerned country of them all.Amid signs that Terraform Labs co-founder Do Kwon was facing legal trouble in South Korea, the country’s
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Why Is South Korea Throwing Money at the Metaverse?
The goal? According to the Ministry of Science and ICT, the funding will help educate and train 40,000 metaverse professionals in Korea, boost over 200 companies operating in the metaverse space, and, by 2026, turn the country into the fifth-largest metaverse market by number of users. Original Source
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Do Kwon faces legal troubles in Korea, China remains a top contributor to Bitcoin mining, and Ethereum eyes ‘huge testing milestone’ ahead of merge: Hodler’s Digest, May 15-21
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekCourt documents reveal Do Kwon dissolved Terraform
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Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST – Featured Bitcoin News
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon Shut Down Terraform Labs Korea Before UST and LUNA Fallout Terraform Labs founder Do Kwon reportedly closed down his company in
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South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST – Regulation Bitcoin News
South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South Korea’s Emergency Investigation Into LUNA, UST South Korea has launched an “emergency” investigation
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