In a crackdown on investment fraud, the Ulsan Police Agency announced the arrest of seven individuals on April 16th. The group is accused of operating a deceptive "investment reading room" that defrauded approximately 20 people of over 1 billion won (roughly $800,000).The alleged scheme involved a w
Images of Vitalik Buterin, the creator of the world's second-largest cryptocurrency, Ethereum, circulated widely on social media on Saturday. They captured him in a casual stroll through Pangyo, a tech district in Seongnam, South Korea. Social media users shared sightings of Buterin clad in shorts,
The cryptocurrency community braces itself for the potential return of Kwon Do-hyung, the controversial co-founder of Terraform Labs, whose project, Terra (LUNA), spectacularly imploded in May 2022, sending shockwaves through the digital asset market.Kwon, apprehended in Montenegro last year on char
Block Media announced an organizational restructuring today, including promoting Oh Jin-seok to head of the News Production Division.New Responsibilities for Director OhAs Director, Oh will oversee reporting, video production, and channel management.New General Strategy HeadquartersBlock Media estab
As suspicions of a "scam coin" scheme involving celebrities and influencers escalate, controversy has erupted after the CEO of the company under investigation was photographed with a high-ranking police official.A Choi, the CEO of a coin company suspected of issuing fraudulent virtual currency, visi
In a setback for South Korea and the United States, a Montenegrin court has revoked its earlier decision to extradite Kwon Do-hyung, co-founder of the collapsed Terraform Labs cryptocurrency project. The ruling, issued on Feb. 8, sends the case back to the Montenegrin trial court for reconsideration
In a significant development surrounding the ongoing legal saga of Terraform Labs and its co-founder Kwon Do-hyung, the US Securities and Exchange Commission (SEC) has agreed to postpone their planned Jan. 29 trial date. This comes after Kwon, currently facing extradition from Montenegro, expressed
Lee Sir-goo, the CEO of Dunamu, a blockchain and fintech company, has joined the “No Exit” drug prevention campaign.The campaign is a joint effort between the National Police Agency, the Anti-Drug Campaign Headquarters, and related ministries to raise awareness of the serious dangers of drugs and pr
Dunamu, a blockchain and fintech company, offers interest-free loans to help young adults struggling with debt rebuild their credit. The loans are part of Dunamu's "Dunamu Next Dream" project, which aims to help young adults overcome debt and build a brighter future.The loans are available to young
Dunamu, a South Korean cryptocurrency exchange, has partnered with the Korea Arboretum and Garden Management Center and the Environment Foundation to preserve biodiversity.The three organizations will collaborate on a three-year project to use non-fungible tokens (NFTs) to raise awareness of and sup
Decent Law Firm, a leading law firm in South Korea, has hired Kim Soo-rim as a new attorney. Kim, who graduated from the Korea National University of Arts and Inha University School of Law, will focus on corporate counseling and litigation in blockchain, artificial intelligence, and startups.Kim has
Bithumb, a major cryptocurrency exchange, donated 10 million won to the Korean Association of Parents of the Handicapped to support its Emergency Care Center for People with Developmental Disabilities.The donation will be used to expand the amenities at the center, such as a new playground and a sen
The Financial Supervisory Service (FSS) raided the office of Kakao CEO Kim Bum-soo on Tuesday, investigating allegations of market manipulation of SM Entertainment's stock price.The FSS is looking into whether Kakao bought large amounts of SM stock to drive up the price and sabotage a tender offer b
On Monday, two executives of Picacoin, a cryptocurrency that promised to allow investors to co-own expensive artworks, were charged with fraud.Song Mo, 23, and Sung Mo, 44, the co-presidents of the Pica Project, were accused of artificially inflating the price of Picacoin by using market manipulatio
Viver, a luxury watch trading platform subsidiary of Dunamu, has appointed Moon Je-youn, former chief strategy officer of Kurly, as its new CEO. Seo Hee-sun, former head of 11th Avenue Integrated Sales Group, has also been appointed COO.Founded in 2021, Viver has attracted attention for combining Du
Two South Korean cryptocurrency company executives have been detained for allegedly collecting investors and manipulating the market price.A Song (23) and a Sung (44), the co-presidents of Pica Project, are suspected of violating the Specified Economic Crimes Aggravated Punishment Act (fraud), viola
The National Assembly's Ethics Review Advisory Committee has concluded that independent lawmaker Kim Nam-guk should be expelled from the National Assembly for violating the Code of Ethics of the National Assembly by failing to disclose his virtual asset holdings.The advisory committee made the recom
BlockMedia, the No. 1 media for the digital asset market and blockchain technology news, seeks talented people. BlockMedia is Korea's first virtual asset news outlet and boasts the largest number of subscribers and pageviews among domestic media. To grow as a global media, we seek experienced journa
Won Young-sik, the chairman of the entertainment company Green Snake Group, was detained Monday in connection with an investigation into stock manipulation by businessman Kang Jong-hyun.Kang is the alleged beneficial owner of the virtual currency exchange Bithumb. He is accused of conspiring with hi
The Montenegrin court has once again approved the bail for Kwon Do-hyung, the CEO of Terraform Labs, who has been under prosecution and detained in Montenegro on charges of passport forgery.According to a report by CoinDesk on June 5, based on the announcement made by the Podgorica court, Kwon's bai