Crimes

South Korean authorities have arrested three executives of troubled crypto yield platform Haru Invest for allegedly stealing 1.1 trillion won ($826 million) worth of crypto from around 16,000 customers, local news agency Yonhap reported on Feb. 6. The company’s CEO is reportedly among the three arrested by the Seoul Southern District Prosecutors’ Office’s Joint Investigation […]

South Korean financial regulators are closely monitoring over-the-counter (OTC) crypto trading due to growing concerns about its potential use in illegal activities.  Park Min-woo from the Financial Services Commission (FSC) and Deputy Chief Prosecutor Ki No-Seong and other vital regulatory officials convened a session titled “Criminal Legal Issues Related to Virtual Assets,” per the report […]