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North Korea and criminals are using DeFi services for money laundering — US Treasury

A new report from the United States Treasury Department analyzing decentralized finance concluded that actors from the Democratic People’s Republic of Korea as well as other scammers are able to exploit vulnerabilities to facilitate money laundering.In its ‘Illicit Finance Risk Assessment of Decentralized Finance’ report released on April 6, the

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US and South Korea request extradition of Terra co-founder Do Kwon

Authorities from both the United States and South Korea have made efforts to have Terra co-founder Do Kwon extradited to their respective countries following his arrest in Montenegro.At a March 29 press conference, Montenegro’s Justice Minister Marko Kovac said the United States made diplomatic efforts to ask Kwon be handed

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North Korea Hackers Likely Exploit Cloud Mining to Launder Stolen Crypto, Research Shows

The group is "moderately sophisticated" and supports the strategic and nuclear objectives of the North Korean regime, according to Mandiant. It uses the proceeds from cybercrime to fund its operations, which target South Korean and U.S. government organizations, academics and think tanks focused on the geopolitics of the Korean peninsula,

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Terraform Labs CEO Do Kwon Faces Extradition to South Korea – Bitcoin News

According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea. Montenegro Police’s Account of the

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South Korea Launches Metaverse Fund to Boost Industry’s Development

South Korea is planning to become a metaverse hub by 2026. Within the five-year metaverse development roadmap, the country aims to activate the ecosystem for metaverse platforms, nurture professionals, and foster companies. South Korea has announced the launch of a fund dedicated to supporting metaverse projects. According to the Ministry of Science and

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