Bithumb fined 37 billion won, faces 6-month biz suspension over anti-money laundering lapses

Korea's anti-money laundering agency has decided to fine Bithumb, a crypto exchange, some 37 billion won and impose a six-month partial business suspension over lapses in customer verification obligations and transactions with unregistered partners.

2026-03-16

Wemix rallies as renegade exchange allows trading in coin

Wemix tokens and the company behind them rallied Friday after a Korean crypto exchange started allowing trade in the coins, which have been shunned by a coven of competing exchanges. The coin was also helped along by a number of moves by ...

2022-12-09

FTX failure hits an already crypto-weary Korea

The bankruptcy of FTX has hit Korea as Korean investors suffer losses and other cryptocurrencies fall in sympathy with FTX's FTT coin.

2022-11-15

$3 billion of suspicious transactions found: FSS

The Financial Supervisory Service (FSS) said that the volume of suspicious crypto-related transactions at two of the country's largest banks is far higher than earlier reported.

2022-07-27

Terraform Labs shuts its blockchain after collapse of Luna

Terraform Labs has shut its Terra blockchain after the price of a related cryptocurrency lost almost all its value, wiping out billions of dollars of wealth in a day and rattling the crypto market globally.

2022-05-13

Crypto crusaders fret about 'travel rule,' hopeful on Yoon

The "travel rule" for crypto transactions has been in effect for two weeks, and critics argue that it could weaken the local market by starving it of much-needed liquidity.

2022-04-11