Cryptocurrency Analysis and News Portal
The attack on crypto exchange CoinEx which drained at least $55 million was carried out by the North Korean hacker group Lazarus, according to blockchain security firm SlowMist and on-chain investigator ZachXBT. The hacker group was identified after they mistakenly connected their address to the recent Stake and Optimism hacks. It
Read More
The Lazarus Group, also known as APT38, has been linked to hundreds of millions of dollars in stolen crypto with attacks on companies, exchanges, DeFi protocols and bridges. It’s a massive operation that U.S. authorities and even the United Nations claim funds North Korea’s nuclear weapons program. Source
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied South Korea is getting ready to upgrade its cybersecurity to stop North Korean cyberattacks, especially those involving cryptocurrencies. Local reports indicate that high-ranking government officials view crypto as a crucial facilitator of Pyongyang’s illicit weapons programs, highlighting
Read More
South Korean tech company Naver Corp has unveiled its answer to OpenAI’s ChatGPT — named CLOVA X — its newest generative AI chatbot which is aimed at Korean-language users. On Aug. 24, South Korean news outlet Yonhap reported that Naver released its upgraded hyperscale artificial intelligence model HyperCLOVA X.HyperCLOVA X is
Read More
Three members of the United States Senate have reportedly sent a letter to the White House and Treasury Department in an effort to crack down on North Korea using cryptocurrency to fund its nuclear program and evade sanctions.According to an Aug. 4 report in the Wall Street Journal, Senators Elizabeth
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a startling turn of events, a former executive at Coinone, one of South Korea’s top cryptocurrency exchanges, has received bribes for listing specific cryptocurrencies on the platform. The accused executive, Jeon, allegedly received around 2 billion
Read More
A new bill mandating South Korean lawmakers and high-ranking government officials to declare their cryptocurrency holdings is expected to take effect within the next two months, said the floor leader of the country’s ruling party.On May 23, the Korean publication Yonhap News reported that People Power Party’s Representative Yun Jae-ok
Read More
"Given the current high level of public interest, especially regarding lawmakers, it's not appropriate to enforce the law six months later after the promulgation," Yun said, according to the report. Yun reportedly said he had asked the leader of the Public Administration Committee to propose a modified version of the
Read More
Tech giant Samsung Electronics has reportedly partnered with South Korea’s central bank to conduct research on central bank digital currency (CBDC) for offline payments.On May 15, the Bank of Korea (BOK) and Samsung signed a memorandum of understanding (MoU) for research on offline CBDCs, according to local media KBS World.
Read More
South Korean legislators passed a first phase review of proposed regulations that would give the nation’s Financial Services Commission authority to investigate and supervise financial activity related to “digital assets,” including cryptocurrency.The proposed bill comes with myriad stipulations governing the sale, storage, and trading of cryptocurrencies with particular emphasis on
Read More