Tag: fraud
Criminals using cryptocurrency for Ponzi style fraud
The Gyeongnam Provincial Police said May 31 that it had detained two people from a ring that had swindled 63 investors out of 1.5...
‘Dozens’ of Arrests as South Korean Police Swoop on Bogus Ethereum Fund
South Korean police have closed the net on an alleged ethereum (ETH) scam operation named EtherWallet, making “dozens” of arrests nationwide in suspected USD...
Blockchain-based consumer goods tracking solution wins investment in South Korea
The provincial government in Chungcheonbook-do, western South Korea, announced today they would support the development of a blockchain-based consumer goods tracking platform. The platform...
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Won-Based Stablecoin Ensures Full Collateral and Redemption Rights… Exchanges Expected to...
South Korea’s financial authorities are moving to formalize the framework for won-based stablecoins, introducing key principles focused on full collateralization and guaranteed redemption rights....
