Seoul News

Local media reported that the stolen 320 Bitcoin was returned to a wallet controlled by authorities, with the unknown hacker seemingly having a sudden change of heart.

The loss was uncovered during an audit launched after a separate 320 Bitcoin custody failure, raising fresh concerns over digital asset management by authorities.

The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA a non-security under Korea’s Capital Markets Act.

The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra.

Local police in a suburb of Seoul have the authority to seize crypto in order to clear the balance of delinquent fines from traffic violations.

Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the Terra investigation.

South Korean authorities are currently investigating Terraform Labs and its employees on several charges including tax evasion and market manipulation.

South Korea’s rising interest in nascent tech could prompt other nations to take the idea of the Metaverse more seriously.