South Korea

Highlights: South Korean lawmakers pressure regulators for failing to spot Bithumb system weaknesses. This comes after a Bithumb mistakenly credited users with massive Bitcoin totals during a promotion event. Bithumb recovers most funds, but oversight concerns continue to grow. South […]

Highlights: South Korean prosecutors recover $21 million in Bitcoin after months of blockchain tracking. A phishing attack drained 320.8 BTC from the government prosecutors’ digital wallet in August last year. Authorities traced blockchain transfers and forced the return of stolen […]

Highlights: South Korea moves to strengthen crypto oversight as suspicious transactions surged repeatedly. Financial Supervisory Service adds Nvidia H100 GPU to expand AI-powered surveillance capacity Upgraded VISTA platform aims to detect coordinated manipulation and abnormal trading patterns faster South Korea […]

Highlights: South Korea is probing the disappearance of 22 Bitcoin from Seoul found missing during a national audit of seized crypto. Police found the cold wallet device intact but confirmed an unauthorized external Bitcoin transfer. A prior 320 BTC loss […]

Highlights: Bithumb CEO admitted daily ledger checks failed to catch the 620,000 BTC error.  Regulator criticized Bithumb’s outdated system and praised Upbit’s five-minute system. The FSS chief said the mistake was severe and urged real-time blockchain verification. The National Assembly […]

Highlights: South Korea’s FSS has announced plans to tighten oversight of crypto, AI, and IT technologies in 2026. The regulatory body is adopting AI tools to strengthen its oversight across the different sectors.  There are also plans to conduct regular […]

Highlights: Bithumb mistakenly sent 620,000 Bitcoins to 695 users during a promotion event. The exchange recovered 618,212 Bitcoins, covering almost all lost funds quickly. Regulators are investigating Bithumb’s practices, including promotions and internal controls. South Korean regulators have started an […]

Highlights: Regulators have upgraded VISTA with AI to flag suspicious crypto trades faster. The new monitoring tools help spot crypto market manipulation across short and long trading periods. Stronger penalties and joint teams let authorities step in before illicit crypto […]

Highlights: South Korea’s Democratic Party drafts Digital Asset Basic Act to regulate cryptocurrency. Bill sets a stablecoin framework and new rules for companies operating in the market. Task force requires stablecoin firms to hold legal capital of $3.5 million. South […]

Highlights: WEMADE has partnered with Chainlink to provide support for KRW stablecoins and digital asset initiatives. Chainlink will enhance data integrity and infrastructure for WEMADE’s KRW stablecoin ecosystem. The collaboration aims to align KRW stablecoin development with global compliance standards. […]

Highlights: Stablecoin trading in Korea spiked 62% in January. Exchanges discussed USDC and USDe promotions to raise trading activity. The government and banks intervened to stabilize the won-dollar rate. Cryptocurrency exchanges in South Korea are shifting focus to stablecoins as […]

Highlights: South Korean prosecutors have lost between $48 million and $68 million worth of BTC to a phishing attack. Officials confirmed that the incident occurred after mistakenly inputting the Bitcoin storage login details on a fake website.   Prosecutors have opened […]