The legal process is going on, with the next hearing scheduled for June 6th. On May 25th, broker Ko Mo and former Coinone listing director Jeon Mo pleaded guilty to several charges during their first hearing before the judge. According to local media, Ko Mo was accused of soliciting and delivering up to 6 million … Read more
OFAC claims that at least $2 million worth of cryptocurrencies was moved through wallets to fund North Korea’s weapon of mass destruction (WMD) programs. The Treasury’s Office of Foreign Assets Control (OFAC) says it has sanctioned several crypto wallets that have links to North Korea. According to a Tuesday statement, the wallets were being hosted … Read more
Samsung and BOK will continue to explore new ways of developing a CBDC ecosystem and leverage the NFC technology to power offline CBDC payments. The latest development in the crypto space is that South Korean tech giant Samsung Electronics has decided to work with the central bank – Bank of Korea – in order to … Read more
Korean officials have linked approximately 91.4 billion won, worth about $69 million, in digital assets directly to Do Kwon. South Korea officials continue to grill former Terraform Labs co-founder Kwon Do-Hyung, popularly known as Do Kwon, following his arrest earlier last month in Montenegro as he attempted to flee to Dubai. The collapse of Terra … Read more