In South Korea, the crypto market is experiencing a surge in investors, reaching a remarkable milestone of over 16.29 million individuals as of October 2023. This significant growth […]
South Korean Court Sentences Three to Prison for $460,000 Crypto Fraud
In a significant case against crypto scammers, three South Koreans were sentenced to prison for a fraudulent investment scheme targeting an estimated $460,000. The mastermind, who led the […]
Bithumb Rebounds: After Challenging Past, Exchange Posts Surprising Profits & Eyes U.S. IPO
The South Korean crypto exchange Bithumb experienced a dramatic turnaround in 2024, achieving $110 million in net profits and navigating a challenging history marked by security breaches, legal […]
Bithumb Recovers in 2024: Net Profit Skyrockets 565% on Market Recovery
South Korean cryptocurrency exchange Bithumb achieved a remarkable turnaround in financial performance during 2024, experiencing a dramatic surge in profitability. Revenue nearly tripled year-over-year, reaching 496.3 billion won, […]
South Korea’s Crypto Market Hits Saturation Point at 16 Million Users
South Korea has reached a significant milestone in its cryptocurrency market, with 16 million users confirmed by financial authorities. This represents an apparent saturation point for the country’s […]
16 Million Crypto Users in South Korea Indicate Saturation Point
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 […]