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South Korean crypto scandal prompts Upbit and Bithumb raids

Cryptocurrency exchanges Upbit and Bithumb were raided on Monday as part of an investigation into a politician who held $4.5M wemix coins.

South Korea court says Terraform Labs’ crypto token Luna wasn’t a security

Charges of securities violation against Terraform Labs co-founder Daniel Shin have been dismissed on the grounds that luna wasn’t a security.

Terra founder Do Kwon sent top law firm Kim & Chang $3 million that authorities hope to seize and use against him in their fraud case.

According to a former Bithumb executive, the exchange has been aggressively listing shady kimchi coins “for a while.”