National Tax Service of South Korea accidentally published a photo showing the recovery phrase of a seized crypto wallet, exposing the keys to the public. Soon after, an unknown person used the phrase to move about $4.8 million worth of tokens out of the government-held wallet.

South Korean police have lost 22 Bitcoin—worth around $1.4 million—seized during a 2021 local exchange hack. The stolen funds remained undiscovered for four years, only coming to light during a nationwide audit prompted by another crypto disappearance.

South Korea has introduced a bill requiring crypto influencers to disclose their personal holdings and any payments received for promoting digital assets. The law aims to protect investors and treat undisclosed promotions like serious financial offences such as market manipulation.

A cryptocurrency investment dispute in South Korea has spiraled into an attempted murder case after prosecutors accused a 39-year-old man of poisoning his business partner over an $811,000 Bitcoin loss.

DSRV and SBI Ripple Asia have launched joint research to use the XRP Ledger to make cross-border payments between South Korea and Japan faster, cheaper and clearer. The project will test how blockchain can work with today’s banking systems and rules in both countries, rather than replace them.

Police raided Bithumb’s headquarters in Seoul after allegations that lawmaker Kim Byung-kee tried to use his influence to get his son a job at the exchange. Kim is also being investigated for other claims, including misusing political funds and pressuring a rival exchange, Dunamu.

As lawmakers remain deadlocked over who should control Korean won-pegged stablecoins, the Bank of Korea (BOK) has renewed its call for a bank-led issuance model, warning that privately issued digital tokens could undermine monetary policy, destabilize foreign exchange controls and introduce systemic financial risks.

South Korea’s financial watchdog has launched an investigation into crypto exchange Bithumb after a single employee error temporarily credited users with 620,000 BTC

South Korea’s Bithumb exchange accidentally sent over $40 billion in bitcoin to customers as rewards, causing a brief market sell-off. Most of the coins were recovered, but regulators warned the incident exposed weaknesses in crypto systems and called for stricter rules.

KBank has filed new trademarks for stablecoin wallets and related digital finance services as it prepares for its third IPO attempt, targeting a KOSPI listing on 5 March 2026. The internet-only bank is expanding into stablecoin payments and cross-border transfers as part of a wider push to grow its digital asset business.