Bitcoin News / Bitcoinist - 1 day ago
South Korean financial authorities have pledged to revise their crypto custody practices following public scrutiny over multiple incidents that led to the loss of nearly $30 million in seized digital assets over the past few months.
Authorities Move...
Cryptocoins News / The Cointelegraph - 2 days ago
Deputy Prime Minister Koo Yun-cheol ordered an inter-agency review of seized crypto wallets after the National Tax Service exposed a seed phrase in a press release.South Korea’s Deputy Prime Minister and Minister of Economy and Finance, Koo Yun-cheol...
Bitcoin News / Bitcoin.com - 3 days ago
South Korea’s National Tax Service (NTS) accidentally published a cryptocurrency wallet’s recovery phrase in a Feb. 26 press release, enabling the temporary transfer of roughly $4.8 million in seized tokens before the assets were returned hours later...
Bitcoin News / Bitcoinist - 3 days ago
A piece of paper ruined everything. South Korea’s National Tax Service (NTS) published an official press release last Thursday meant to highlight its crackdown on tax dodgers — and somewhere in the process, a full wallet seed phrase was photogr...
by COINS NEWS - 4 days ago
South Korea’s National Tax Service reportedly published a wallet seed phrase in a press release, and tokens worth $4.8 million were swiftly drained in the latest custody blunder for the authorities.South Korea’s National Tax Service (NTS) accidentall...
Cryptocoins News / The Cointelegraph - 5 days ago
Police seized the Bitcoin in 2021 but stored it in a third-party wallet, which was later accessed by unauthorized parties, with the loss remaining undiscovered for four years.Two people have been arrested in South Korea in relation to a case in which...
Bitcoin News / Bitcoinist - 6 days ago
The crypto market in Seoul may get a little clearer about who’s talking and why. According to recent reports, lawmakers in South Korea are drafting rules that would force people who give investment tips on social media to show what they own and what...
Cryptocoins News / The Cointelegraph - 6 days ago
A proposed law would require online investment influencers to reveal their holdings and paid promotions, with penalties potentially comparable to market manipulation violations.South Korea is reportedly preparing new rules that would force social-med...
Cryptocoins News / The Cointelegraph - 1 week ago
South Korean prosecutors reportedly accused a man of poisoning a business partner with pesticide in a dispute over losses due to crypto trading.A South Korean man has been indicted on attempted murder charges after allegedly poisoning his business pa...
Cryptocoins News / The Cointelegraph - 1 week ago
Lawmakers criticize South Korea’s Financial Services Commission after Bithumb mistakenly credited 620,000 BTC and the probe faces delays.South Korean lawmakers are stepping up pressure on financial regulators after crypto exchange Bithumb mistakenly...
Cryptocoins News / The Cointelegraph - 1 week ago
Local media reported that the stolen 320 Bitcoin was returned to a wallet controlled by authorities, with the unknown hacker seemingly having a sudden change of heart.South Korean prosecutors say they recovered more than 320 Bitcoin that disappeared...
Cryptocoins News / The Cointelegraph - 2 weeks ago
South Korea reopens crypto to corporations with strict caps and asset limits. This is part of a broader strategy that includes stablecoin legislation and potential spot crypto ETFs.South Korea is ending a nine-year ban on corporate crypto trading, al...
Cryptocoins News / The Cointelegraph - 2 weeks ago
South Korea’s regulators are deploying AI systems to monitor crypto trading, flag manipulation and strengthen digital asset enforcement.South Korea is transitioning crypto market surveillance to AI-driven systems, in which algorithms automatically de...
Bitcoin News / Bitcoin.com - 2 weeks ago
South Korean authorities have confirmed that 22 bitcoin, worth about $1.5 million, vanished from a cold wallet held by the Seoul Gangnam Police Station in a 2021 financial crime case. Another Crypto Custody Failure Hits South Korean Authorities Accor...