South Korean Lawmaker Under Scrutiny over Suspicious Crypto Transfers

Rep. Kim Nam-kuk of the Democratic Party of Korea has allegedly withdrawn a massive 800,000 WEMIX tokens in the period between late February to early March 2022, just before the introduction of the global standard-setter FATF’s travel rule on March 25, 2022. In the latest development, South Korean authorities have reported local authorities regarding a … Read more

Head of South African Firm Slapped with $3.4B Fine for Bitcoin Fraud in US

The CFTC claimed that the firm had proprietary software that was expected to recognize significant trading gains for investors who contributed to the Bitcoin pool, but in reality, there was no such “bot” in use. The head of a South African firm has been slapped with a massive fine of $3.4 billion by a federal … Read more

South Korean Prosecutors Reveals Do Kwon Sent Funds to Local Law Firm before TerraUSD’s Fall

After Kwon was arrested, the prosecutors indicated that he had paid the law firm before the collapse. As the legal battle between Do Kwon and South Korean prosecutors continues, the prosecutors stated that the CEO of Terraform Labs Do Kwon transferred some money to a law firm before TerraUSD and Luna crumbled. There are reports … Read more

South Korean Regulator Fines Google $32M for Undue Gaming Competition

As the biggest provider of internet search services as well as app hosting-related services, Google is often in the crosshairs of anti-competitive investigations from regulators around the world. Google, the subsidiary of American multinational tech giant, Alphabet Inc (NASDAQ: GOOGL) has been fined by the South Korean Fair Trade Commission (KFTC) for anti-competitive practices targeted … Read more