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” Bithumb former chair Lee Jung-Hoon acquitted in the first instance “ Lee Jung-hoon, the former chair of the South Korean cryptocurrency exchange Bithumb, was found not guilty on Jan. 3 by the 34th Division of the Criminal Agreement of the Seoul Central District Court. Jung-Hoon was on trial under accusations of violating the Act…
” New year, same old troubles — The FTX saga continues in 2023: Law Decoded, Dec. 26-Jan. 2 “ Although having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. The United States Department of Justice has…
“South Korea pardoning ex-President Lee Myung-bak for corruption” SEOUL, South Korea — The South Korean government of President Yoon Suk Yeol said Tuesday it will grant a special pardon to ex-President Lee Myung-bak, who was sentenced to a 17-year prison term for a range of corruption crimes. The Justice Ministry said in a statement that Lee is…
” South Korean court freezes $92M in assets related to Terra tokens “ More than six months after the collapse of the Terra ecosystem, South Korean authorities continue to investigate and freeze the funds of persons involved in Terra. After seizing 140 billion won ($108 million) from Terra co-founder Shin Hyun-Seong in November, the Seoul…
” Nifty News: Building bridges in the Metaverse, elaborate Apes scam and more “ South Korea’s Gyeongbuk Province has announced plans to use Web3 technology to expand its economic relations with Vietnam. In a Dec. 19 announcement, the province’s governor Lee Cheol-woo said the metaverse project would focus on “growing economic, cultural, commercial, and people-centered…
” Terra co-founder Do Kwon hiding out in Serbia, says authorities “ It is understood that Terraform Labs’ controversial founder and CEO Do Kwon is currently located in the Southeast European nation of Serbia after leaving Singapore in September. According to a Dec. 11 report from Chosun Media, South Korean authorities followed a tip-off concerning…
“North Korea fires over 100 artillery rounds in military drill” SEOUL – North Korea fired around 130 artillery shells into the sea off its east and west coasts on Monday, South Korean officials said, in the latest apparent military drill by Pyongyang near their shared border. Some of the shells landed in a buffer zone…
” Hong Kong working on investor protection regulations, says central bank exec “ Central bank governors from around the globe are currently in Thailand to discuss the role of central banks amid evolving financial technology. The conference is jointly hosted by the Bank of Thailand (BOT) and the Bank for International Settlements (BIS). A panel…
“South Korea, Japan scramble jet fighters in response to Russia, China” South Korea scrambled its jet fighters on Wednesday after Chinese and Russian strategic bombers flew a joint patrol in its air defense zone in the western Pacific without warning early Wednesday morning. Seoul’s Joint Chiefs of Staff said the jets were deployed after two…
” South Korea issues arrest warrant for Do Kwon’s former colleagues “ Amid the ongoing manhunt for Terraform Labs co-founder and CEO Do Kwon, South Korean authorities have spread out their investigations to target other Terra executives. Prosecutors issued an arrest warrant for co-founder Daniel Shin and seven other engineers and investors of the firm following…