South Korea’s Crypto Crackdown Lands Delio CEO 15 Years
A South Korean court sentenced Delio CEO Jeong Sang-ho to 15 years in prison for misusing roughly $49.2 million in customer cryptocurrency assets and using false documents to secure a…
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Korea’s Stock Market Crashed 33%, Then Jumped 18%: Crypto Traders Still Broke
South Korea’s KOSPI crashed more than 33% in July, its worst monthly drop on record, then reversed it with an 18% single-day surge on the last day of the month.…
Bithumb Locks In 2028 IPO as Crypto Listing Race Heats Up
South Korean cryptocurrency exchange Bithumb has put dates behind its long-discussed public listing, outlining a three-stage plan that targets an initial public offering in 2028. Rather than promising a quick…
XRP Scam Ring Arrested After Stealing $9M From 71 Investors
South Korean police arrested three suspects accused of stealing 12.3 billion won, or about $9 million, from 71 XRP investors. Investigators traced 27.3 billion won through related wallets, indicating that…
Ripple Expands RLUSD Across South Korea’s Top 4 Exchanges
Ripple USD now trades across South Korea’s four largest cryptocurrency exchanges, expanding direct won access to one of the world’s busiest digital asset markets. Trading activity on the country’s top…
South Korea Arrests Suspects in Fake FXRP Scam That Stole $8.6M in XRP
South Korean authorities have uncovered a cryptocurrency fraud case that exploited interest in a newly launched blockchain token. The operation targeted XRP holders through a fake investment platform that disappeared…
Kospi Falls Below 5,600 in Record Back-to-Back Circuit Breaker as Bitcoin Rises Above $64,000
South Korea’s Kospi index triggered a market-wide circuit breaker for the second consecutive time today, tumbling to an intraday low of 5,532.33 after opening more than 1% higher. Bitcoin (BTC),…
Kakao Pay Taps Nasdaq’s Siebert to Bring Tokenized Korean Stocks to Wall Street
Siebert Financial Corp. has agreed to become the U.S. partner for Kakao Pay Securities in a plan to bring South Korean stocks to American investors outside normal market hours. The…
KB Kookmin Taps JPMorgan’s Kinexys as South Korea’s Largest Bank Pushes Instant Dollar Payments
KB Kookmin Bank, South Korea’s largest lender by assets, will launch a corporate cross-border payment service in August built on Kinexys, JPMorgan’s permissioned blockchain platform. The move makes KB Kookmin…
Korbit Rebrands as Digital X After Mirae Asset Closes $102 Million Takeover
Mirae Asset Consulting has taken majority control of Korbit, South Korea’s oldest cryptocurrency exchange, marking the first time an affiliate of a major Korean financial group has run a domestic…