The Korean cryptocurrency market is active, with a high user ratio, large transaction volume, rapid development of the Web3 ecosystem, and significant government support and education promotion.
JinseFinanceKimsuky hackers utilize "Durian" malware to target South Korean crypto companies, revealing potential links to the notorious Lazarus Group.
BerniceSouth Korean MPs' $100 Million Crypto Trades Uncovered; New Disclosure Rules Set for 2024
AlexNorth Korean hackers, posing as journalists, escalate cyber threats by targeting nearly 1,500 South Korean officials in a sophisticated phishing campaign, compromising crypto accounts, and deploying mining malware, prompting urgent calls for enhanced cybersecurity measures.
JasperSecurity experts note a shift in strategy, as North Korea now targets multiple companies instead of one at a time.
BeincryptoDelio is suspending withdrawals on its platform following its exposure to Haru Invest, which previously halted its services.
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Coinlive The crypto custodial service and AI trading platform managed to lose nearly all of its customers’ assets by shorting LUNA, the Terra Classic native token.
CointelegraphCrypto regulations in South Korea require exchanges to enforce strict KYC and AML guidelines and major crypto exchanges have delisted privacy coins in the past as well.
CointelegraphThe two exchanges cited Korea's Act on the Reporting and Use of Specific Financial Transaction Information, a law that requires crypto exchanges to put in place KYC and AML systems.
Cointelegraph