South Korea’s Leading Crypto Exchange Upbit Faces Security Breach
South Korea’s Upbit crypto exchange faces a security breach, impacting 100,000 accounts with $3.4 billion in counterfeit tokens, questioning its reliability. Highlights: In a startling development, Upbit, the largest cryptocurrency exchange in South Korea, has been compromised due to fraudulent deposits, endangering the security and integrity of its platform and impacting nearly 100,000 user accounts. The incident has led to …
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South Korea Crack Down on Crypto Drug Trafficking
South Korean police arrest 312 individuals involved in a cryptocurrency-facilitated drug trafficking network operating on dark web platforms. Key Points South Korean police have intensified their efforts to combat drug trafficking facilitated by cryptocurrencies, resulting in the arrest of 312 individuals involved in a major narcotics bust. The arrests were made by the Seoul Metropolitan Police Agency’s Drug Crime Investigation, …
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Do Kwon, the Co-Founder of Terraform Labs, Faces up to 40 years in Jail in South Korea and the US for his Involvement in the Terra Luna Coin Fiasco
Key Points: In a startling turn of events, Do Kwon, one of the co-founders of Terraform Labs, has been arrested on grounds of document forgery in Montenegro. Considering all his previous allegations, he might be facing around 40 years of jail time. Terraform Labs is the blockchain firm behind popular cryptocurrencies Terra and Luna. This news comes months after South …
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