Mixers were the most used tool among North Korean hackers for the first time, accounting for over 65% of stolen funds, up from 42% in 2020 and 21% the year before, Chainalysis said. In 2017 and 2019, crypto exchanges were the most popular way of laundering money. Source link … [Read more...] about North Korean Hackers Stole $400M in 2021, Mostly in Ether
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S. Korean Lambda265 Nabs $60M Series B at $300M Valuation
Lambda265, the blockchain arm of South Korean crypto exchange operator Dunamu, closed a $60 million (KRW 71 billion) Series B, bringing its valuation to $300 million, according to a Wednesday press release.The firm will use the funds to invest in its blockchain-as-a-service (BaaS) products, which are used by 3,300 corporate clients, according to the statement. Its flagship … [Read more...] about S. Korean Lambda265 Nabs $60M Series B at $300M Valuation
S. Korean Investment Firm Hashed Under Tax Investigation
South Korean crypto investment firm Hashed is being investigated by Seoul tax authorities, CoinDesk Korea reported on Tuesday.The 4th Bureau of Investigation of Seoul’s Regional Tax office, which is handling Hashed’s case, is responsible for cases of tax evasion and fraud, according to the report. The reason for the audit hasn’t been disclosed.No company investigated by the 4th … [Read more...] about S. Korean Investment Firm Hashed Under Tax Investigation
S. Korean Regulators Call For Criminal Punishments For Crypto Market Manipulation
South Korea’s Financial Services Commission (FSC) wants the National Assembly to bring criminal liability to unfair behavior in crypto markets such as price manipulation and insider trading, according to a report submitted to the South Korean Parliament on Nov. 23. Source link … [Read more...] about S. Korean Regulators Call For Criminal Punishments For Crypto Market Manipulation
South Korean Regulator Issues ICO Ban
South Korea’s financial regulator has prohibited domestic companies and startups from participating in initial coin offerings (ICOs).Following a meeting to discuss cryptocurrency controls today, the Financial Services Commission (FSC) said it will prohibit all forms of the blockchain funding method "regardless of technical terminology," while margin trading of virtual … [Read more...] about South Korean Regulator Issues ICO Ban