South Korea’s booming crypto market has reached a significant milestone with 16 million active users on exchanges like Upbit. This surge suggests the market may have reached saturation, […]
South Korean Crypto Ponzi Scheme Leads to Prison Sentences
Three members of a South Korean investment group have been sentenced to prison for defrauding investors of approximately $460,000 by falsely promising high returns on cryptocurrency investments. The […]
South Korean Court Sentences Three for Crypto Investment Fraud
The Busan District Court has issued sentences ranging from 2.5 to 4.5 years in prison to three individuals convicted of a fraudulent cryptocurrency investment scheme. This case, which […]
South Korean Court Sentences Three Crypto Scammers for $416K Fraud Scheme
A South Korean court has delivered sentences to three individuals who were found guilty of orchestrating a fraudulent investment scheme that defrauded victims of approximately $416,000 (around 610 […]
Upbit Expands Digital Asset Holdings with Strategic Partnership in South Korea
South Korean cryptocurrency exchange Upbit has partnered with Dunamu & Partners to significantly increase its digital asset holdings. This strategic move marks a significant expansion for Upbit, potentially […]
South Korea’s Crypto User Base Surpasses Stock Investors
In a significant development for South Korean finance, crypto users now exceed those investing in traditional stocks. Recent data reveals that the number of crypto accounts across major […]
South Korea: Crypto Investors Now Outnumber Stock Market Participants
A significant shift in investment preferences has been observed in South Korea, with over 15.59 million individuals now investing in cryptocurrency assets by November. This marks a major […]
South Korea’s Crypto Adoption Surpasses Stock Investors
South Korea has experienced a significant surge in cryptocurrency adoption, with its user base now exceeding stock investors. As of February 2025, the number of crypto users reached […]
South Korea Suspends Upbit for Three Months Over Compliance Concerns
South Korean regulators have imposed a three-month suspension on Upbit, one of the country’s largest cryptocurrency exchanges, due to violations related to compliance and customer verification. The decision, […]
Chinese National Murdered During Cryptocurrency Trade in South Korea
A Chinese national was found dead in a luxury hotel room in Jeju City, South Korea, following an alleged cryptocurrency transaction. Police are investigating the murder of a […]
Cryptocurrency Deal Leads to Death: Suspects Arrested After Chinese Man Found Dead in South Korea
A man from China has been found deceased in a Jeju, South Korea hotel, potentially connected to a cryptocurrency transaction gone wrong. Four Chinese nationals were apprehended by […]
South Korea’s FIU Halts Upbit Deposits and Withdrawals: Why This Matters
South Korea’s Financial Intelligence Unit (FIU) has imposed a three-month pause on new customer deposits and withdrawals for the country’s largest cryptocurrency exchange, Upbit. The decision stems from […]
Upbit Faces Three-Month Suspension of New User Transfers Due to Regulatory Violations
South Korean crypto exchange Upbit has been temporarily restricted from accepting new user transfers for the next three months following violations of local financial regulations. The Financial Services […]
South Korea Bans New Upbit Customers, Targeting Money Laundering Risks
The South Korean Financial Intelligence Unit (FIU) has imposed a three-month ban on new cryptocurrency deposits and withdrawals for Upbit customers. The move aims to prevent money laundering […]
South Korea’s Upbit Suspended for 3 Months: Regulatory Action Highlights Crypto Landscape Shifts
Crypto users in South Korea are facing a significant development as the Financial Intelligence Unit (FIU) of the country’s Financial Services Commission (FSC) has imposed a three-month suspension […]