Delio Platform Goes Bankrupt With $1.75B in Assets Lost
On November 22, a court in Seoul declared Delio platform, a South Korean virtual asset deposit platform, insolvent, according to numerous local press reports. Last year, Delio suspended withdrawals due to its outstanding debt of 245 billion won ($1.75 billion) to its customers. Delio says there is possibility of resolving customer issues The platform will […]
Upbit Refunds 8.5 Billion Won After Crypto Hack
Upbit continues to address the fallout from the 2019 Lazarus Group attack, where 342,000 ETH (1.4 trillion won) were stolen. Upbit, the largest cryptocurrency exchange in South Korea, distributed around 8.5 billion won, which is equivalent to $6.07 million, to 380 individuals who had been victims of voice phishing. Dunamu, the operator of Upbit, utilized […]
South Korean Police Link Lazarus Group to $342M ETH Upbit Hack
South Korean police confirm that the North Korean hackers Lazarus group and Andariel were responsible for the 342,000 ETH theft from Upbit in 2019. South Korean authorities have officially confirmed that the North Korean hacker groups Lazarus and Andariel were responsible for the 2019 theft of 342,000 Ethereum (ETH) from Upbit, the country’s largest cryptocurrency […]
South Korea Confirms North Korea’s Role in $50M Upbit Hack
North Korean hackers Lazarus and Andariel stole 342,000 ETH in a 2019 Upbit hack, South Korean authorities confirm. Authorities in South Korea have revealed that North Korean hackers were responsible for the November 2019 cryptocurrency hack, which involved Upbit cryptocurrency worth $50 million. North Korean hacker groups Lazarus and Andariel carried out the attack, which […]
South Korea Bans Bitcoin Spot and Futures ETFs – Here’s Why
South Korea’s FSS prohibits Bitcoin ETFs and investments in firms like Coinbase, citing outdated regulations that stifle market growth. Bitcoin spot and futures ETFs remain unavailable in South Korea as financial authorities uphold strict regulatory controls over cryptocurrency-related investment products. The Financial Supervisory Service (FSS) has also prohibited ETFs investing in companies linked to virtual assets, […]