Former Bithumb Chairman faces eight-year imprisonment
Lee Jeong-hoon, the former chairman of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might be facing an eight-year prison sentence in the appeal whose verdict is scheduled for Jan. 18.According to Korean local media reports, prosecutor ...
South Korean City Plans Confiscation of Cryptocurrency from Tax Delinquents
The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents. The administration of Cheongju has requested seven South Korean crypto exchanges to inquire into holdings of thousands of tax evaders, ...
South Korean Police Collaborate with Binance to Enhance Crypto Investigations
The South Korean police are working with the largest Binance exchange to develop a system that should provide quick access to wallet addresses and freeze funds related to criminal investigations. South Korea's National Police Agency is meeting Tuesday, May 30, to discuss ...
Former Coinone Employee Arrested for Accepting Bribes for Listing Crypto Assets
The Seoul Southern District Prosecutor's Office has apprehended a former staff member of the Coinone cryptocurrency exchange on allegations of receiving bribes in exchange for featuring specific digital assets on the platform. Recent reports from South Korean media suggest that the said ex-employ ...