Tag Archives: Korean

Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

Upbit, South Korea’s largest cryptocurrency exchange by market-share and trading, has been hacked. At the moment, all trading activities, deposits, and withdrawals are temporarily suspended. On Nov. 27, Lee Seok-woo, the CEO of Dunamoo, the company that operates Upbit, confirmed in an official statement that 342,000 ETH was transferred from Upbit’s hot (online) wallet to an unknown wallet. Continue reading Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

Huobi Wallet Launches Japanese & Korean Versions

“A growing number of Huobi Wallet international users are from Japan and South Korea, so this was a natural move in terms of serving customer demand,” said Livio Weng, CEO of Huobi Global. “Moreover, Japan and South Korea are two of the most advanced crypto markets in the world, so making sure Huobi Wallet has a presence there simply makes sense. We’ll be adding support for additional languages as times goes on.” Continue reading Huobi Wallet Launches Japanese & Korean Versions

South Korean Startup Presto to File Constitutional Appeal Against Local ICO Ban

A South Korean blockchain startup, Presto, will reportedly file a constitutional appeal over the county’s ban on Initial Coin Offerings (ICOs), South Korean economic media outlet Sedaily reports Dec. 6. Continue reading South Korean Startup Presto to File Constitutional Appeal Against Local ICO Ban

3 Korean Cryptocurrency Exchanges Raided in Embezzlement Inquest

Three South Korean cryptocurrency exchanges have reportedly been raided by prosecutors suspecting embezzlement of user funds. Korean publication Chosun is reporting a series of raids this week by the Seoul Southern District Prosecutor’s Office on three separate cryptocurrency exchanges as a part of an investigation into the alleged siphoning of customer funds. The exchanges’ executives and staff are suspected of using fiat deposits from customer accounts to buy cryptocurrencies at other exchanges. Continue reading 3 Korean Cryptocurrency Exchanges Raided in Embezzlement Inquest