Virtual Asset Exchange Established in Myeongdong Office Buildings… Money Laundering Organization Caught Embezzling Phishing Profits
A money laundering organization that colluded with voice phishing groups has been arrested by the police for embezzling criminal profits into virtual assets in Myeongdong.
Victims of voice phishing will also receive refunds for lost coins... Compensation for virtual asset victims begins in October
Starting in October, victims of voice phishing who have lost virtual assets will be eligible for refunds under a new law.
Loss of Seized Virtual Assets: Board of Audit and Inspection to Check Management by Prosecutors, Police, and National Tax Service
Due to recent incidents of lost seized virtual assets by law enforcement agencies, the Board of Audit and Inspection in South Korea is monitoring asset management practices of these institutions.
Criminal Gang Arrested for Stealing 800 Million Won by Deceiving Users with High Returns on Virtual Asset Deposits
A criminal organization has been arrested for hacking into virtual asset wallets and stealing around 800 million won during a phishing scam.
‘National Tax Service Seized Coins’ First Thief Arrested in His 40s... Second Thief Under Investigation
A man in his 40s has been arrested for the initial theft of virtual assets seized by the National Tax Service, while authorities investigate a second theft that occurred shortly thereafter.
"Out of Curiosity, I Embezzled the IRS Virtual Assets"... Police Report Received, Under Investigation
The police have received a report about the embezzlement of virtual assets from the National Tax Service, where the perpetrator allegedly acted out of curiosity after seeing a discussion online.
Israel calls on governments and businesses to come together to halt terrorist financing via cryptocurrencies
Israel has urged nations to enhance collaboration with the private sector to combat terrorist financing through cryptocurrencies and other virtual assets.
Koo Yoon-cheol: "The price volatility of virtual assets has a low possibility of affecting the financial market"
The South Korean government is taking measures to strengthen internal controls at cryptocurrency exchanges following the 'Bithumb Bitcoin over-issuance incident' and downplaying concerns about the impact of virtual asset volatility on financial markets.
Democratic Party: "Digital Asset Basic Law to be Proposed This Month Regarding Bithumb's Bitcoin Overpayment Incident"
The Democratic Party of Korea plans to introduce a Digital Asset Basic Law this month in response to the overpayment incident at the cryptocurrency exchange Bithumb, emphasizing the need for fundamental measures to restore trust in virtual assets.
Financial Supervisory Service Transitions to Official Inspection of Bithumb's 60 Trillion 'Phantom Coin' Incident and Considers Sanctions
The Financial Supervisory Service in South Korea has escalated its inspection of the cryptocurrency exchange Bithumb to an official investigation due to potential violations of laws and regulations linked to a massive misallocation of cryptocurrency.
[Editorial] '60 trillion won in Bitcoin' erroneous payment shakes the foundation of virtual assets
A massive financial mishap occurred at Bithumb, South Korea's second-largest virtual asset exchange, where an erroneous payment resulted in the distribution of approximately 60 trillion won in Bitcoin due to a clerical error.
The first verdict on virtual asset law has come out… the representative of a market manipulation company was sentenced to 3 years in prison
A virtual asset management company representative was sentenced to three years in prison for artificially inflating cryptocurrency prices, marking the first application of the Virtual Asset User Protection Law's provisions against unfair trading since its enactment is set for July 2024.