Why Are North Korean Hackers Targeting Crypto Startups?

North Korean dictator Kim Jong Un graphic with crypto logos in background

Just like technology evolved over the years, so did cybercrime. Some of the most successful cybercrime outfits today hail from the Democratic People’s Republic of Korea (DPRK), a totalitarian state ruled by the dictator Kim Jong-un. Researchers discovered in January 2022 that a prominent North Korean hacker group has been targeting cryptocurrency startups in several … Read more

South Korean Bank to Launch Country’s First Crypto Investment Fund; Bitcoin, Dogecoin Fall

South Korean Bank To Launch Country

Kookmin Bank, one of the largest banks of South Korea by net assets, has announced to launch crypto investment products targeted at retail investors. Alongside, the bank has formed a Digital Asset Management Committee with the aim to launch a crypto exchange-traded fund (ETF) and future products as soon as the regulation in the country … Read more

South Korean crypto exchange plans ‘eco-friendly’ NFTs for K-pop fans

South Korean crypto exchange plans ‘eco-friendly’ NFTs for K-pop fans

The head of South Korea’s biggest cryptocurrency exchange has promised that its non-fungible tokens featuring K-pop stars BTS will be “eco-friendly” after a backlash from environmentally conscious young fans.Upbit launched its crypto art marketplace in November and plans to release a range of NFTs featuring members of BTS in a joint venture with the boy … Read more

North Korean hackers stole $400m in crypto last year: report | Crypto

North Korean hackers stole $400m in crypto last year: report | Crypto

Analysis firm says North Korean-linked hacks jumped from four in 2020 to seven in 2021.North Korea launched at least seven attacks on cryptocurrency platforms that extracted nearly $400m worth of digital assets last year, one of its most successful years on record, blockchain analysis firm Chainalysis said in a new report. “From 2020 to 2021, … Read more

Major South Korean Securities Firms, Investors Warming to Crypto

Major South Korean Securities Firms, Investors Warming to Crypto

Source: AdobeStock / panyaphotograph South Korean investors are “finding it hard to resist the allure of crypto,” while a number of leading domestic securities firms have suddenly started producing reports on the sector – indicating that fund managers may be casting an eye on the markets.According to Newspim, an official at a leading commercial bank who … Read more

S. Korean Politician to Accept Crypto Donations

Bitcoin, mining, cryptocurrency

Malaysian officials have arrested 28-year-old suspect on charges of allegedly running illicit crypto mining, a Sunday (Jan. 2) report from Micky says. The police have identified 30 mining stations using electricity stolen from the grid. The stolen electricity was valued at RM 2 million ($478,000), and the operation involved stealing electricity worth $102,239. While crypto … Read more

Korean crypto investment firm Hashed reportedly under tax investigation

Korean crypto investment firm Hashed reportedly under tax investigation

Crypto investment firm Hashed is currently under investigation by the National Tax Service (NTS) in South Korea according to local media.The 4th Bureau of Investigation from the Seoul Regional Tax Office, which is handling the investigation, is best known for conducting investigations into tax evasion and slush fundraising. A slush fund is a pool of … Read more