South Korea confirms North Korea behind $50M Upbit hack
South Korea confirms North Korean hackers Lazarus and Andariel were behind the $50 million Upbit hack in 2019, with the stolen crypto now valued at over $1 billion. Go to Source
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South Korea probes Upbit for 600K KYC violations
Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal. Go to Source
South Korean Upbit crypto exchange faces monopoly probe
South Korea’s FSC will reportedly investigate Upbit’s relationship with its bank partner K-Bank amid the latter’s IPO, which is expected in late October. Go to Source
Bitcoin Price in South Korea Sees Largest Discount Since October 2023
According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it’s still hovering just below 1%. Bitcoin Sees Steep Discount in South Korea, Premium Quickly Rebounds but Stays Below 1% On Sept. 23, bitcoin (BTC) in … Read more
Upbit to store user data on AWS: What users should know
Upbit’s privacy policy update involves transferring user data to AWS servers in the US for improved service reliability and compliance with local regulations. Go to Source
Bitcoin Taps $63K After Fed Rate Cut Sparks Market Rally
Bitcoin reached an intraday peak of $63,227 on Thursday, following the U.S. Federal Reserve’s decision to lower the benchmark interest rate by 50 basis points the previous day. The entire cryptocurrency market has gained over 5%, and in the past 24 hours, global trading volume jumped by 26.92%. Crypto Market Surges 5%, Stocks Rise, Gold … Read more
Upbit to pause NEAR deposits for network upgrade
Upbit ensures uninterrupted NEAR trading while suspending deposit and withdrawal services amid a crucial network upgrade. Go to Source
South Korean crypto exchange employees out-earn staff at major banks
Dunamu’s consolidated sales in the first quarter of 2024 reached $400 million, showing a 60.5% increase. Go to Source
3 key Bitcoin price metrics highlight traders’ lack of enthusiasm
Bitcoin price declines as stablecoin and futures market data show declining confidence among traders. Go to Source
South Korean crypto exchanges face unexpected supervisory fees
Introducing supervisory fees marks a crucial step toward increased regulation and oversight. Go to Source
