South Korea’s stock market suffered one of its fastest declines in history this week, with the Kospi falling about 20% in two trading days, as geopolitical tensions have, for the moment, shattered what might …
Korean
- Web3 Technology
South Korean Crypto Exchange Accidentally Gave Away $43 Billion in Bitcoin
by adminby adminIn brief South Korean exchange Bithumb mistakenly credited users with 2,000 BTC each instead of a tiny cash reward. The error was corrected within five minutes, but not before users sold off some of …
- Bitcoin & Ethereum
Upbit $30 Million Hack Update: Authorities Link Breach To North Korean Hackers
by adminby adminSouth Korea’s largest cryptocurrency exchange, Upbit, is currently under scrutiny by regulators following a significant hack that led to the unauthorized withdrawal of approximately $36.9 million in assets on the Solana (SOL) network. The …
In brief Binance has received regulatory approval to take majority control of GOPAX after prolonged scrutiny. GOPAX says the move marks progress toward resolving GOFi repayments tied to Genesis Global Capital. Analysts say the …
- Bitcoin & Ethereum
North Korean Hackers Target Crypto Devs Through Open-Source Software Hub
by adminby adminIn brief More than 300 malicious code packages were uploaded to npm in what researchers call the “Contagious Interview” campaign. The fake job-recruitment lures targeted Web3 and crypto developers, stealing credentials and wallet keys. …
North Korean crypto infiltration is much worse than everyone thinks, says SEAL member – DL News
North Korean operatives are embedded in 15-20% of all crypto companies. They may represent 30-40% of all crypto applications for jobs, according to a SEAL member. The crypto industry has “the worst opsec in …
For almost as long as Bitcoin has been trading, Korea’s “kimchi premium” has been one of the market’s favorite ghost signals. When spot prices in South Korea climb faster than those in the US, …