Upbit, South Korea’s top exchange, confronts a 2.17x surge in network attack attempts in H1 2021! 🚨 Responding with vigor, the platform bolsters asset security, moving 70%+ assets to cold storage and decentralizing hot wallet operations. #UpbitSecurity #CryptoSafe🔒
South Korea announced a guideline for cryptocurrencies to be handled as securities tokens earlier today, in preparation for their anticipated legalization.
In their investigation into the Terra-LUNA fall, South Korean authorities have made their very first arrest, seizing a Terraform Labs Pte. Ltd. employee.
The CEO of Terraform Labs has been asked to surrender his passport to the Korean government. Read more.
South Korea issues a warrant to bring Do Kwon to justice. The CEO of Terraform Labs and five others are presently in Singapore. Scorned LUNA and UST users worldwide hope to see Do Kwon behind bars soon. Amid the arrest warrant issuance from South Korea for Do Kwon, crypto users everywhere are hoping to see justice. Specifically, a scorned user on Reddit says that they would like to see someone make an NFT of Do Kwon behind bars so they can buy it. Many others chime in with enthusiasm for the same. In detail, a ruling in a South Korean
Binance to Help Busan Develop Its Blockchain Industry. CZ mentions that he is pleased to be partnering with Busan. Binance will provide technical and infrastructure support to the City of Busan. The largest cryptocurrency exchange by trading volume, Binance, the world’s leading blockchain ecosystem, announced today the signing of a Memorandum of Understanding (MoU) with the South Korean city of Busan. Following the agreement, Binance will provide technical and infrastructure support to the City of Busan in order to foster the growth of the city’s blockchain ecosystem and the Busan Digital Asset Exchange. According to CZ (Changpeng Zhao), the CEO
