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Loss of $11.58 Million in Token Exploit Hits South Korean Web3 Music Service, Somesing

Wyatt Newson2 years ago3 min read

Somesing Falls Victim to Exploit, Loses $11.58 Million Somesing, a popular blockchain-based social karaoke platform in South Korea, has experienced a security breach resulting in the…

Exploring Klaytn Coin’s Partnership with Major Korean Companies

Edulia Coinfield2 years ago6 min read

Exploring Klaytn Coin’s Partnership with Major Korean Companies If you’re interested in the world of cryptocurrency, you’ve likely heard about Klaytn Coin. This blockchain platform has…

South Korean Crypto Exchanges Foil $82 Million Worth of Romance Scam Transactions in 2023

Wyatt Newson2 years ago3 min read

South Korean Crypto Exchanges Block $82 Million Worth of Romance Scam Transactions According to Seoul Shinmun, Coinone, a South Korean crypto exchange, has reported a rise…

Massive $11.5 Million Hack Hits South Korean Crypto Karaoke Platform

Theon Barrett2 years ago2 min read

Somesing Loses $11.58 Million in Token Hack Somesing, a blockchain-based social karaoke platform in South Korea, experienced a security breach on Saturday resulting in the loss…

North Korean Hackers’ Heist of Crypto Funds Decreases by 50%

Cyrus Dailey2 years ago3 min read

North Korea-Linked Hacks Increase, but Stolen Funds Decrease A recent report from blockchain analysis firm Chainalysis has revealed that while North Korea-linked hacks reached a record…

North Korean Hackers Exceed $1 Billion in Cryptocurrency Theft in 2023

Cino Gaperi2 years ago3 min read

Hacking Threats in Cryptocurrency Despite a significant drop in the overall funds pilfered from cryptocurrency platforms, the threat of hacking is still significant. A surge in…

KT, the South Korean telecom giant, closes down NFT platform due to business circumstances

Theon Barrett2 years ago2 min read

KT Corporation Shuts Down NFT Platform MINCL Korean telecom giant KT Corporation is closing down its non-fungible token (NFT) platform, MINCL, due to shifting business conditions.…

South Korean Man Sentenced to 7 Years in Prison for Dealing Drugs with Cryptocurrency

Wyatt Newson2 years ago3 min read

South Korean Court Sentences Drug Dealer to 7 Years in Jail A drug dealer in South Korea who sold narcotics to customers using cryptocurrency has been…

Seizure of $28.4m in Cryptocurrency by South Korean Tax Authority from Tax Evaders in 2023

Wyatt Newson2 years ago2 min read

South Korea Seizes $28.4m in Crypto from Tax Dodgers The National Tax Service (NTS) of South Korea has confiscated cryptoassets worth $28.4 million from citizens who…

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