According to South Korean media NEWSIS, South Korean prosecutors asked the court on Thursday to extend Yoon's detention.
On January 22, according to Cointelegraph, South Korea's largest cryptocurrency exchanges Upbit and Bithumb will compensate users for losses caused by the network failure in December 2023, with a compensation amount of 2.40 million US dollars, which is the largest compensation in the history of South Korean cryptocurrency exchanges.
Kim Byung-hwan, chairperson of South Korea's Financial Services Commission (FSC), said he plans to announce his position on allowing businesses to invest in virtual assets (cryptocurrencies) as soon as possible, while also expediting preparations for the stablecoin regulatory system and the second phase of legislation.
According to News1, Kim Byung-hwan, chairperson of the South Korean Financial Commission, said on allowing legal persons to invest in virtual assets: "The content of the legal person account was omitted from the press release issued by the Virtual Asset Commission (meeting) last week. So there is speculation whether it will not be advanced, but it is not the case. Since the committee has discussed the relevant content before, we will determine the position and announce it as soon as possible." H...
The cybercrime investigation unit of the local police department in Busan, South Korea, has filed a non-detention indictment against a gang accused of laundering about 1.10 trillion won (about $756.80 million) through a fake cryptocurrency trading platform used by illegal gambling websites, the Korea Daily reported. The gang allegedly made about 10 billion won (about $6.88 million). From January 2022 to September 2023, they operated five offices in South Korea, developed fake trading websites an...
On January 20, according to Yonhap News Agency Infomax, in order to avoid the recurrence of the transaction connection delay problem caused by the computer system failure encountered by various crypto exchanges in South Korea after the country declared a state of emergency on December 3 last year, Dunamu, the operator of the South Korean cryptocurrency exchange Upbit, as well as Bithumb and Coinone, submitted a response plan to the Financial Supervisory Service (FSS) last month. A key measure in...
South Korea's detained president, Yoon Seok-yeok, has become the first president in South Korea's constitutional history to be formally detained in a detention center as a sitting president after completing the relevant procedures such as taking photos of the suspects. Unlike when he was arrested, Yoon Seok-yeok, who is a suspect, needs to go through various procedures for admission, including changing his private clothes into prison clothes and holding a detention number plate to take photos of...
On January 19, according to South Korean media reports, the Seoul Western District Court in South Korea approved the detention order for the arrested President Yoon Seok-yuk in the early morning of the 19th. Yoon Seok-yuk became the first president in South Korea's constitutional history to be detained as a sitting president.
On the 19th local time, the Western District Court of Seoul, South Korea, approved the detention order for Yin Xiyue. Yin Xiyue was officially arrested. (CCTV News)
According to Kaiko, although South Korean traders have traditionally preferred counterfeit products (which account for about 80% of the market share in the local platform), bitcoin has attracted a lot of safe-haven inflows during the recent political turmoil. On Upbit and Bithumb, the cumulative volume increment (CVD) of the BTC won trading pair has shown a significant increase.
According to tokenpost, the governments of the United States, Japan and South Korea issued a joint statement warning of the serious threat posed by North Korean hackers to the international financial system. According to blockchain analysis firm Chainalysis, North Korean hackers stole about $1.34 billion in digital assets in 47 attacks in 2024, an increase of 102% from $660 million in 2023.
According to a report by YTN TV on the 15th, South Korea's suspended president, Yoon Seok-yuet, will take the initiative to walk out of his official residence.
South Korea's suspended president, Yoon Seok-yeok, will accept the arrest warrant and walk out of his official residence to the Gwacheon Public Investigation Office.
South Korean police entered the presidential residence, and police and public relations officers crossed the first barrier line inside the presidential residence. The barbed wire fence installed in the presidential residence is being removed. South Korean police and senior government officials sent more than 1,000 people to the presidential residence in Yongsan District, Seoul, in the early morning of January 15, to execute the second arrest warrant for Yoon Seok-yeok. Yoon Seok-yeok's lawyer gr...
According to Yonhap News Agency, South Korean investigators have begun executing arrest warrants at the official residence of South Korean President Yoon Seok-yeok.