Crypto Exchange Crypto Exchange
Ctrl+D Crypto Exchange
Home > Blockchain > Info

South Korea Arrests 3 in a $3.4 Billion Investigation Linked to Illegal Crypto Trading



Time:8/11/2022 12:18:44 PM

[South Korea Arrests 3 People in a $3.4 Billion Investigation Related to Illegal Crypto Transactions] Jinse Finance reported that South Korean prosecutors made the first arrests of people who may be related to illegal cryptocurrency activities in the investigation of a $3.4 billion foreign exchange transaction . South Korea's Daegu District Prosecutor's Office said Thursday that three people have been detained on charges including setting up a paper-making company and operating an unregistered cryptocurrency trading business. Other charges relate to submitting false data to banks and large transfers of foreign currency abroad.

The arrestees were linked to a company that funneled 400 billion won ($307 million) worth of funds overseas from a Woori Bank branch in Seoul to make arbitrage profits, the Chosun Ilbo reported. The Daegu District Prosecutor's Office did not disclose the exact figure. (Bloomberg)

Other news:

Hyperithm, a South Korean encryption investment trust company, has obtained information security management system certification: On September 7, it was reported that Hyperithm, a Korean encryption investment trust company, has obtained information security management system (ISMS) certification. South Korean authorities said the certification will be required for all companies operating virtual assets. Hyperithm is said to be the first virtual asset brokerage in the country to be certified for information security by a public authority. According to the company’s statement, in addition to crypto exchanges, crypto-related businesses are complying with government standards to improve security and transparency in the virtual asset industry. In previous news, KODA (Korea Digital Assets), an encrypted custody service provider, and Sandbank, a bank only for virtual assets, announced that they had obtained this certification. (Forkast)[2021/9/7 23:06:48]

Lee Ju-yeol, Governor of the Bank of Korea: The impact of the epidemic is greater than during the financial crisis: Lee Ju-yeol, Governor of the Bank of Korea: The impact of the epidemic is greater than during the financial crisis. Economic growth in 2020 depends on the situation of the epidemic. Chances of a global recession are high. South Korea cannot avoid the difficulties brought about by the global recession. The Bank of Korea and the government are discussing lending to non-bank financial companies. The corporate bond and commercial paper markets stabilized somewhat. There is enough policy space to deal with the slowdown in economic growth. Direct purchases of corporate bonds violate South Korean law. If necessary, the scale of government bond purchases will be increased. It could not provide details of the Bank of Korea and the government discussing Fed-style extraordinary measures. See the impact of the previous rate cuts. A plan to buy government bonds will be announced in the afternoon. There will be aggressive direct government bond purchases. Government bond issuance is expected to increase. (Golden Ten)[2020/4/9]

News | South Korea's Hyundai Merchant Shipping Company will use the blockchain to improve the stability of the maritime logistics system: According to Yonhap News Agency, South Korea's Hyundai Merchant Shipping Company HMM said today that it will use blockchain, big data, AI and other new technologies while upgrading the maritime logistics system. Technology, strive to improve the level of marine logistics services and provide operational stability. [2019/1/31]

LayerZero integration with Euro Stablecoin Angle Protocol.

On August 11.

Block Chain:8/11/2022 12:19:10 PM
Data: In the last week, 1.88 million NFT assets were added to the Ethereum network.

According to Jinse Finance.

Block Chain:8/15/2022 12:25:27 PM
PeckShield: Detected that a Nomad exploiter received ~$4.8M in HBOT from 33 addresses

[PeckShield: Detected that a Nomad exploiter obtained about $4.

Block Chain:8/11/2022 12:18:42 PM
Nigerians Can Now Pay Utility Bills with BTC and ETH

Golden Finance reported that Nigerians can now pay utility bills with BTC and ETH Gateway.

Block Chain:8/11/2022 12:18:50 PM
Paidun: AscendEX attackers have transferred 265,000 DAI to Kucoin and 10,000 DAI to an unknown wallet.

[PeckShield: AscendEX attacker has transferred 265,000 DAI to Kucoin and 10.

Block Chain:8/11/2022 12:19:21 PM
Galaxy Digital announced that it will terminate the acquisition of BitGo

Jinse Finance reported that Galaxy Digital announced on Monday morning t.

Block Chain:8/15/2022 12:26:50 PM
Six departments including the Ministry of Science and Technology: Adopt new technologies such as blockchain to provide data open services for AI application scenarios

[Six departments including the Ministry of Science and Technology: Using new technologies such as blockchain...

Block Chain:8/16/2022 12:28:08 PM
Seal Digital Collection publishes Xinhua Daily and Dazhong Daily "Japan's Unconditional Surrender" digital collection

[Sea Leopard Data Collection Publishes Xinhua Daily.

Block Chain:8/15/2022 12:25:17 PM
Huaqi Zhonglian and Data Tibet China jointly launched the first digital collection of the "Champion Life" series

Jinse Finance reported that the first phase.

Block Chain:8/14/2022 12:23:49 PM
Paradigm and FTX join forces to launch crypto futures spread trading

According to news on August 12.

Block Chain:8/12/2022 12:21:56 PM
Cryptocurrency fund QCP Capital: Options trading is the next growth driver for institutions

Jinse Finance reported that cryptocurrency fund QCP C.

Block Chain:8/11/2022 12:18:48 PM