South Korean lawmaker Min Byung-duk advocates for stablecoin regulation to preserve financial sovereignty, warning reliance on foreign tokens could undermine local economic control. #Update #Crypto $USDT
South Korea will enforce stricter regulations on cryptocurrency exchanges post-Upbit hack, mandating user compensation, tougher IT security standards, and penalties up to 3% of annual revenue. #Update #Crypto $BTC $ETH
South Korea’s largest exchange, @Upbit, lost 5.9 billion won ($4M) in a hack, reimbursing users 38.6 billion won from reserves; authorities suspect North Korea’s Lazarus group. #Breaking #Crypto $UPBIT
South Korean authorities arrested 16 members of an international hacking syndicate for stealing over $28 million from affluent individuals, including BTS’s Jungkook. $9.2 million was recovered. #Breaking #Crypto
Lee Jae-myung proposes a stablecoin pegged to the won, aiming to stabilize South Korea’s financial system and allow pension fund investments in digital assets. #Update #Crypto (+4) ↗
@Bithumb warns users after @SKTelecom cyber attack leaks SIM data, enhancing security measures and issuing protective guidelines. #Breaking #Security (+8) ↘
South Korea’s crypto market surpasses its stock market with 16.29 million users; @Upbit leads in active accounts, while @Bithumb shows significant growth #Update #Crypto (+5) ↗
North Korea, via Lazarus Group, holds 13,518 $BTC worth $1.12B after converting stolen Ethereum from @BybitOfficial hack confirmed by FBI. #Breaking #Crypto $BTC (+9) ↗
South Korea’s Democratic Party proposes Bitcoin reserves and a won-backed stablecoin amid political uncertainty and potential presidential impeachment #Update #Crypto $BTC (+6) ↗
@Bithumb has signed a sponsorship deal with FC Seoul for the 2025 season, marking its eighth cultural project initiative. #Update #Sports (+3) ↗
South Korea’s Financial Services Commission plans to relax restrictions on institutional crypto trading, gradually allowing institutions access to local exchanges, starting with non-profits, amid political turmoil and martial law declaration by impeached President Yoon Suk Yeol. • #Breaking • #Crypto • @YonhapNews • (+8) • ↗
South Korea’s Jeju Island will introduce NFT cards for tourists by 2025, offering benefits to attract millennials and Gen Z, boosting the local economy through blockchain integration. • #Update • #Crypto • @JejuIsland • (+3) • →
A South Korean court has approved an arrest warrant for President Yoon Suk Yeol after he ignored three summons requests, marking a significant legal development in the nation’s political landscape. #Breaking #Legal @Cointelegraph ↗ +9
North Korean hackers stole $308M in 4,502.9 $BTC from @BitcoinDMM in May, forcing closure; linked to TraderTraitor via social engineering. #Breaking #Crypto @BitcoinDMM ↘ (-9)
