On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange, before eventually arriving at an address purportedly owned by a scammer.
Crypto Exchange Coinone’s Former Exec Acknowledges Bribery Charges in South Korea: Report
A lawyer for the accused reportedly said he admits “the facts of the prosecution,” during a May 25 trial hearing.
Employees of South Korean Crypto Exchange Coinone Arrested: Report
Seoul Southern District Court Chief Judge Kim Ji-Sook issued a warrant for the arrests on Monday, saying “There is concern about escaping.”
WEMIX token plunges 70% after it’s delisted by Korean exchanges
DAXA claimed that the circulating number of WEMIX exceeds what has been disclosed by Wemix, much to the chagrin of the issuers.
Coinone will stop withdrawals to unverified external wallets
The exchange plans to verify users’ names and resident registration details to ensure crypto transactions were “not used for illegal activities such as money laundering.”
South Korea’s banking association alarmed by altcoin trading mania
South Korea’s banking body wants crypto exchanges to be wary of the risks of being overexposed to altcoins.
South Korean Court Issues Landmark Decision on Crypto Exchange Hacking
The Seoul court ruled that a hacking is not the responsibility of an exchange but a transfer of funds is.
South Korean Third-Largest Crypto Exchange Publishes Official Listing Criteria
Coinone has issued official listing criteria, paving the way for more tokens in the ecosystem.
South Korean Crypto Exchange Signs With Security Companies to Lock Down Tokens
Coinone has partnered with two security and disclosure firms to ensure compliance with South Korea’s new cryptocurrency regulations.
Coinone Exchange Launches Cross-Border Payments App With Ripple Tech
South Korean crypto exchange Coinone has launched Cross, an app providing cross-border remittances using Ripple’s xCurrent product.
Crypto Margin Trading Could Be Illegal Gambling, Says Korean Police
A South Korean police department is alleging the crypto margin trading offered by exchange Coinone is in effect illegal gambling.
Crypto Exchange Coinone Taps Ripple for New Remittance Service
A subsidiary of South Korean cryptocurrency exchange Coinone is turning to Ripple’s xCurrent blockchain network for cross-border payments.