South Korea Plans to Limit Shareholdings in Cryptocurrency Exchanges
South Korean authorities have agreed on a plan to reduce the stakes of majority shareholders in cryptocurrency exchanges to 20%, according to local media.
South Korea Plans to Limit Shareholdings in Cryptocurrency Exchanges
South Korean authorities have agreed on a plan to reduce the stakes of majority shareholders in cryptocurrency exchanges to 20%, according to local media.
South Korean Tax Authority’s Blunder Leads to $4.8 Million Token Theft
South Korea's National Tax Service inadvertently published the seed phrases of three cryptocurrency wallets, resulting in the theft of 4 million PRTG tokens valued at approximately $4.8 million, according to local media reports.
22 BTC Vanish from South Korean Police Cold Wallet
South Korean authorities have launched an investigation into the disappearance of 22 BTC, seized in 2021. The coins were stored in a cold wallet at the Gangnam police station in Seoul, according to local media.South Korea Launches Investigation into Bithumb Following Bitcoin ‘Giveaway’
South Korea's regulator has escalated its routine inspection of Bithumb to a full-scale investigation following an incident involving the erroneous crediting of 620,000 BTC to users.
Hackers Steal $48 Million in Confiscated Bitcoin from South Korean Prosecutors
Prosecutors in South Korea's Gwangju district have launched an investigation into the disappearance of Bitcoin valued at 70 billion won ($47.7 million).
South Korea Lifts Ban on Corporate Crypto Investments
South Korea's Financial Services Commission (FSC) has lifted the ban on corporate investments in cryptocurrencies, according to local media.
Sony Bank Plans to Launch Dollar-Pegged Stablecoin in the US by 2026
Sony Bank, a subsidiary of Sony Financial Group, intends to issue a US dollar-pegged stablecoin in 2026, according to Nikkei, citing its own sources.
Hackers Steal $37 Million from South Korean Exchange Upbit
On November 27, South Korea's largest bitcoin exchange, Upbit, suspended withdrawals following an attack in which hackers stole assets worth $36.8 million.
First Korean Won-Pegged Stablecoin Launched on Base Network
IQ and Frax have launched the "stablecoin" KRWQ, pegged to the South Korean won. This asset marks the first such token in the L2 solution Base.
South Korea’s Central Bank Warns of Stablecoin Deppegging Risks
The Bank of Korea has released a report expressing concerns over the risks of stablecoins losing their peg, particularly those denominated in won.
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