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” 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…
“BTS member Jin to begin mandatory military service on Dec. 13” Jin, the oldest member of the K-pop band BTS, will begin his mandatory military service on Dec. 13, South Korean newspaper Aju Business Daily reported on Thursday, citing unnamed military authorities. Jin, who turns 30 on Dec. 4, will be deployed to a unit after receiving…
” WEMIX token plunges 70% after it’s delisted by Korean exchanges “ South Korea’s largest crypto exchanges have announced they will delist WEMIX (WEMIX) — the native token of gaming company Wemade’s blockchain platform Wemix — alleging the firm provided “false information” in response to an investment warning it was issued. Bithumb, Upbeat, Coinone, Korbit…
” FTX collapse triggers second thoughts on Busan City’s crypto exchange plans “ The FTX crash appears to have affected not only companies and investors but also entire cities that previously became partners of the troubled cryptocurrency exchange. South Korea’s second-largest city, Busan, is reportedly reconsidering its plans to build a local crypto exchange as…