A Manhattan federal judge has allowed Arbitrum DAO to move $71 million in frozen Ether to Aave, clearing the path for the DeFi protocol’s recovery effort following a North Korea-linked…
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Tag:
Korea
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Make CryptoSlate preferred on In just under three weeks, cyber operatives linked to the Democratic People’s Republic of Korea (DPRK) have stolen more than $500 million from crypto DeFi platforms.…
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The Seoul court handed crypto asset manager prison sentence in the first case under the new Virtual Asset User Protection Act. A South Korean court has sentenced Jong-hwan Lee,…
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Crypto Currency
South Korea to Impose Bank-Level Liability on Crypto Exchanges After Upbit’s $30M Hack
Key Takeaways: South Korea plans to apply bank-level, no-fault compensation rules to crypto exchanges after a major breach at Upbit. Regulators want exchanges to reimburse users for losses from hacks…
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SEOUL — For many Americans, the apartment where 29-year-old IT specialist Lee Chang-hee lives might be the stuff of nightmares. Located just outside the capital of Seoul, the building isn’t very tall…
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The US Department of Justice has moved to seize $7.74 million in crypto allegedly earned by North Korean IT workers using fake identities and working at blockchain firms as remote…
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Key Takeaways: South Korea may allow foreign investments in crypto. Whether this happens depends on exchanges strengthening their AML efforts. Changes in policy could revive the local crypto sector. South…
