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South Korean regulators have turned their focus to over-the-counter (OTC) crypto trades amid growing concerns about its use for criminal activities. The financial regulators in the country are reportedly monitoring the OTC crypto market trades.According to a report published in a local daily, deputy chief prosecutor Ki No-Seong and Park
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“From the discussions I had with the major ecosystem players, it did have a huge impact that forever changed the Korean [decentralized finance, or DeFi] ecosystem for institutions,” Hoon Kim, the chief technology officer at blockchain project Astar, told CryptoX. “It made it harder for the retail investors to look
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Recent investigations link North Korea’s Lazarus Group to a series of crypto hacks totaling over $270 million in stolen assets across major platforms in the past 102 days. Investigations suggest the latest high-profile hacks targeting crypto entities have been perpetrated by North Korean hackers, particularly the notorious Lazarus Group, with over
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The hackers siphoned ether (ETH), XRP, tron's TRX, MATIC, solana's SOL, kadena's KDA and dagger's XDAG tokens after exploiting a lax security measure on wallets used by the exchange. CoinEx has since released over 10 “suspicious” addresses on several networks, such as Ethereum, BNB Chain, and Arbitrum, where the tokens
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Across several talks, founders at Hashed, one of Korea’s premier blockchain funds, said decentralized exchanges, or DEXs, needed to get much more sophisticated than the current cohort of products that allow users to swap tokens in turn of yield rewards. Ideas included creating better code for how DEX order books
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied United States prosecutors have leveled charges against Tornado Cash co-founders Roman Storm, Roman Semenov, and Alexey Pertsev, for their involvement in allowing criminals launder millions of dollars worth of stolen crypto. Roman Storm, a co-founder of the
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The recruitment phase of the 12-week program commenced Sept. 4 to coincide with the start of Korea Blockchain Week, which runs until Sept. 10, and has a particular focus on artificial intelligence, according to an announcement shared with CryptoX on Tuesday. Source
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The North Korean government is said to sponsor hackers to steal digital assets and fund its military operations, with on-chain analysis suggesting they have siphoned over $2 billion since 2018. The Republic of Korea (South Korea) is reportedly working on a bill to track and seize digital assets stolen by hackers
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied South Korea has set a new reserve requirement for crypto exchanges, mandating them to have at least $2.3 million in reserves. Cryptocurrency exchanges in South Korea with bank-issued real-name accounts will have to reserve 30% of their
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GenZ cryptocurrency investors in South Korea are reportedly more keen to invest in altcoins, specifically Ripple (XRP) than Bitcoin (BTC) and Ethereum (ETH), according to a local South Korean news outlet.News1 Korea analyzed data from the crypto exchange Bithumb’s investment data from the first half of the year, particularly keying
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